Major developments:
USD is now at 74.79. USDINR opened at 74.87. Expected range: 74.75-75.05. Rupee has climbed in the last few sessions due to strong FPI/FDI related inflows.
RBI REF RATES:
-USDINR is at 74.79 .Prior day’s close was 74.87.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.35%.
-USDINR 1 yr fwd premia is at 4.47%.
USDINR @ 74.79, EUR/USD 1.1652, GBP/USD @ 1.3815, USD/JPY @ 114.10, EUR/INR @ 87.15, GBP/INR @ 103.33 JPY/INR @ 65.56
Gold@1785, WTI Crude @ 83.38, Nifty @ 18165(-100), 10 Year G-SEC @ 6.37%.
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