Major developments:
USD is now at 74.15. USDINR opened at 74.19. Expected range: 74.05-74.35. Fall in Crude and strong inflows trigger further Rupee gains, despite overall USD strength.
RBI REF RATES:
-USDINR is at 74.15 .Prior day’s close was 74.27.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.35%.
-USDINR 1 yr fwd premia is at 4.69%.
USDINR @ 74.15, EUR/USD 1.1319, GBP/USD @ 1.3485, USD/JPY @ 114.18, EUR/INR @ 84.05, GBP/INR @ 100.01, JPY/INR @ 65.15.
Gold@1868, WTI Crude @ 77.08, Nifty @ 17758(-140), 10 Year G-SEC @ 6.34%.
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