FX RATES AND USDINR FWDS

Major developments:

USD is now at 74.16. USDINR opened at 74.24. Expected range: 74.10-74.25. PAY TM IPO is contributing to Rupee gains today.

-USDINR is at 74.16 .Prior day’s close was 74.45.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.32%.

-USDINR 1 yr fwd premia is at 4.75%.

USDINR @ 74.16, EUR/USD 1.1557, GBP/USD @ 1.3477, USD/JPY @ 113.61, EUR/INR @ 85.74, GBP/INR @ 99.99, JPY/INR @ 65.39.

Gold@1821, WTI Crude @ 82.25, Nifty @ 17887(-29), 10 Year G-SEC @ 6.32%

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