USD is now at 73.96. USDINR opened at 73.79. Expected range: 73.78-74.10.
RBI seems to have intervened at 73.80. Fed Chairman maintained that asset purchases will end in March and rate hikes will happen this year.
Investors were comforted as he did not speak on selling off bonds to taper liquidity. Indian 10 Year G-SEC has climbed to 6.57%.
RBI REF RATES:
-USDINR is at 73.96 .Prior day’s close was 73.91.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.57%.
-USDINR 1 yr fwd premia is at 4.75%.
USDINR @ 73.96, EUR/USD 1.1376, GBP/USD @ 1.3643, USD/JPY @ 115.34, EUR/INR @ 84.15, GBP/INR @ 100.90
JPY/INR @ 64.12.
Gold@1819, WTI Crude @ 81.40, Nifty @ 18194(+136), 10 Year G-SEC @ 6.57%
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