FX RATES AND USDINR FWDS :

Major developments:

USD is now at 74.90. USDINR opened at 74.67. Expected range: 74.55-74.80. No major event expected.

RBI REF RATES:

-USDINR is at 74.72 .Prior day’s close was 74.66.

-Indian Equity indices trade flat.

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

-USDINR 1 yr fwd premia is at 4.60%.

USDINR @ 74.72, EUR/USD 1.1303, GBP/USD @ 1.3431, USD/JPY @ 114.85, EUR/INR @ 84.44, GBP/INR @ 100.35, JPY/INR @ 65.05.

Gold@1805, WTI Crude @ 76, Nifty @ 17245(+11), 10 Year G-SEC @ 6.47%.

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