FX RATES AND USDINR FWDS :

Major developments :

USD is now at 74.79. USDINR opened at 74.82. Expected range: 74.75-74.95. 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 74.86.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.35%.

-USDINR 1 yr fwd premia is at 4.53%.

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