USD is now at 76.50. USDINR opened at 76.47. Today, the pair could trade in the 76.35-76.55
Zone.
Indian Exports climbed 24.22% to USD 38.19 bn in April. Imports climbed 26.55% to USD 58.26 bn. Trade deficit is at USD 20.09 bn as against USD 15.29 bn in April 2021.
US Fed rate decision is awaited later tonight.
RBI REF RATES:
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.16%.
-USDINR 1 yr fwd premia is at 3.75%.
USDINR @ 76.50, EUR/USD 1.0513, GBP/USD @ 1.2473, USD/JPY @ 130.13, EUR/INR @ 80.41, GBP/INR @ 95.41 JPY/INR @ 58.77
Gold@1865, WTI Crude @ 103.50, Nifty @ 16937(-131), 10 Year G-SEC @ 7.16%.
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