USD is now at 75.61. USDINR opened at 75.78. The pair could trade in the 75.50-75.75 Zone. HDFC and HDFC bank merger has triggered over 2% rally in indices and 10% gain in these two stocks. Since FII can buy more % due to merger, inflows is expected and is positive for Rupee. Fed Minutes and RBI meeting on Friday are key events.
RBI REF RATES:
-USDINR is at 75.61 .Prior day’s close was 75.78.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.74%.
-USDINR 1 yr fwd premia is at 3.75%.
USDINR @ 75.61, EUR/USD 1.1048, GBP/USD @ 1.3121, USD/JPY @ 122.68, EUR/INR @ 83.54, GBP/INR @ 99.21JPY/INR @ 62.15Gold@1920, WTI Crude @ 99.45, Nifty @ 18003(+328), 10 Year G-SEC @ 6.84%.
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