Major developments:
USD is now at 74.97. USDINR opened at 75.05. Expected range: 74.84-75.15. Equity markets opened higher. Equity markets have shrugged off Covid fears today.
RBI REF RATES:
-USDINR is at 74.97 .Prior day’s close was 74.92.
-Indian Equity indices gain.
-Indian 10 year G-SEC yield is at 6.33%.
-USDINR 1 yr fwd premia is at 4.80%.
USDINR @ 74.97, EUR/USD 1.1320, GBP/USD @ 1.3287, USD/JPY @ 113.07, EUR/INR @ 84.85, GBP/INR @ 99.60, JPY/INR @ 66.29.
Gold@1778, WTI Crude @ 66, Nifty @ 17289(+122), 10 Year G-SEC @ 6.34%
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