Major developments:
USD is now at 76.00. USDINR opened at 76.16. Expected range: 75.90-76.18. Equity markets are in a free fall today. Indian Index is down over 3%.
RBI REF RATES:
-USDINR is at 76.01 .Prior day’s close was 76.08.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.45%.
-USDINR 1 yr fwd premia is at 4.58%.
USDINR @ 76.01, EUR/USD 1.1252, GBP/USD @ 1.3211, USD/JPY @ 113.42, EUR/INR @ 85.53, GBP/INR @ 100.40 JPY/INR @ 67.02
Gold@1801, WTI Crude @ 68.10, Nifty @ 16458(-526), 10 Year G-SEC @ 6.45%
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