Major developments :
USD is now at 76.22. USDINR opened at 76.29. Expected range: 76.12-76.30. US Fed announced the ending of QE by March and hinted at 3 rate increases next year. Markets were factoring this announcement. BOE is meeting today and may also time schedule for rate increase.
RBI REF RATES:
-USDINR is at 76.22 . The prior day’s close was 76.23.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.37%.
-USDINR 1 yr fwd premia is at 4.55%.
USDINR @ 76.22, EUR/USD 1.1286, GBP/USD @ 1.3247, USD/JPY @ 114.09, EUR/INR @ 86.02, GBP/INR @ 100.96,JPY/INR @ 66.81.
Gold@1782, WTI Crude @ 71.55, Nifty @ 17269(+48), 10 Year G-SEC @ 6.37%.
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