FX RATES AND USDINR FWDS :

Major developments:

USD is now at 75.65. USDINR opened at 75.72. Expected range: 75.60-75.90. Equity markets are in recovery mode after y’day’s steep fall.

RBI REF RATES:

-USDINR is at 75.65 .Prior day’s close was 75.91.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.46%.

-USDINR 1 yr fwd premia is at 4.60%.

USDINR @ 75.65, EUR/USD 1.1279, GBP/USD @ 1.3246, USD/JPY @ 113.75, EUR/INR @ 85.33, GBP/INR @ 99.98, JPY/INR @ 66.53.

Gold@1793, WTI Crude @ 69.50, Nifty @ 16868(+258), 10 Year G-SEC @ 6.46%.

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