USD is now at 77.59. USDINR opened at 77.59. Today, the pair could trade in the 77.54-77.70 Zone.
OPEC meeting is in focus. If OPEC increases supply, crude prices could soften.
Despite record inflation data in EU, Euro did not receive support as it was balanced by upbeat economic data from US.
Fed members spoke about front loading rate hikes, so that Fed rates move towards 2.5 to 3.25% soon.
US employment data is to be released tomorrow.
-USDINR is at 77.59 .Prior day’s close was 77.53.
-Indian Equity indices gain marginally.
-Indian 10 year G-SEC yield is at 7.43%.
-USDINR 1 yr fwd premia is at 3.68%.
USDINR @ 77.59, EUR/USD 1.0659, GBP/USD @ 1.2487, USD/JPY @ 130.06, EUR/INR @ 82.71, GBP/INR @ 96.90
JPY/INR @ 59.67
Gold@1847, WTI Crude @ 113, Nifty @ 16548(+26), 10 Year G-SEC @ 7.43%.
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