USD is now at 77.52. USDINR opened at 77.53. Today, the pair could trade in the 77.44-77.64 Zone.
Indian Q4 GDP is to be released tomorrow. Expect GDP growth to ease to 3.8 to 4.4% zone, due to high base effect, high input costs and Covid related lock downs in Jan/Feb.
EURO inflation, US ISM and employment data are key events in this week. Crude rallied as China is gradually relaxing movement restrictions. EU called on OPEC to increase supply.
RBI REF RATES:
-USDINR is at 77.52 .Prior day’s close was 77.57.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.37%.
-USDINR 1 yr fwd premia is at 3.84%.
USDINR @ 77.52, EUR/USD 1.0759, GBP/USD @ 1.2651, USD/JPY @ 126.98, EUR/INR @ 83.41, GBP/INR @ 98.07 JPY/INR @ 61.05
Gold@1859, WTI Crude @ 115.98, Nifty @ 16632(+180), 10 Year G-SEC @ 7.37%.
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