FX RATES AND USDINR FWDS

Major developments:

USD is now at 74.76. USDINR opened at 74.83. Expected range: 74.70-74.95. US FOMC meeting is the key event for the day.

-USDINR is at 74.76 .Prior day’s close was 74.87.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.38%.

-USDINR 1 yr fwd premia is at 4.64%.

USDINR @ 74.76, EUR/USD 1.1604, GBP/USD @ 1.3649, USD/JPY @ 113.67, EUR/INR @ 86.75, GBP/INR @ 102.02 JPY/INR @ 65.75

Gold@1795, WTI Crude @ 84.23, Nifty @ 17921(-7), 10 Year G-SEC @ 6.37%

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