Major developments:

USD is now at 75.14. USDINR opened at 74.92. Expected range: 74.84-75.15. Equity markets

opened higher, but is now trading flat. Rupee declined to 75.17. Uncertainty over Covid

variant is causing turbulence in asset markets. Indian Q2 GDP data is to be released later

today.

-USDINR is at 75.14 .Prior day’s close was 75.10.

-Indian Equity indices trade flat after early gains.

-Indian 10 year G-SEC yield is at 6.31%.

-USDINR 1 yr fwd premia is at 4.80%.

USDINR @ 75.14, EUR/USD 1.1311, GBP/USD @ 1.3310, USD/JPY @ 113.13, EUR/INR @ 84.99, GBP/INR @ 100.01

JPY/INR @ 66.42.

Gold@1794, WTI Crude @ 67.80, Nifty @ 17043(-10), 10 Year G-SEC @ 6.31%

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