FX RATES AND USDINR FWDS

Major developments:

USD is now at 75.15. USDINR opened at 75.15. Expected range: 75.05-75.25. US and EU  markets will be in holiday mode. No major event expected.

RBI REF RATES:

-USDINR is at 75.15 .Prior day’s close was 75.24.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.47%.

-USDINR 1 yr fwd premia is at 4.60%.

USDINR @ 75.15, EUR/USD 1.1334, GBP/USD @ 1.3405, USD/JPY @ 114.37, EUR/INR @ 85.18, GBP/INR @ 100.75 JPY/INR @ 65.73

Gold@1810, WTI Crude @ 73.70, Nifty @ 16919(-153), 10 Year G-SEC @ 6.47%.

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