USD is now at 78.04. USDINR opened at 77.98. Today, the pair could trade in the 77.97-78.12 Zone.
1 year fwd premia is at 3.20% p.a. USDINR fwds slumped further. Euro is steady despite ECB Chief’s comments of rate hikes in July and Sept.
Fed Chairman’s testimony to US Congress is the key focus event for the week. Some Fed members gave called for 75 bps rate hike in next meeting.
US market was closed y’day. Oil prices swung higher with traders
focusing on tight supplies over slowing global economic growth.
-USDINR is at 78.04 .Prior day’s close was 77.98.
-Indian Equity indices climb higher.
-Indian 10 year G-SEC yield is at 7.47%.
-USDINR 1 yr fwd premia is at 3.20%.
USDINR @ 78.04, EUR/USD 1.0526, GBP/USD @ 1.2270, USD/JPY @ 135.09, EUR/INR @ 82.13, GBP/INR @ 95.74 JPY/INR @ 57.78.
Gold@1840, WTI Crude @ 110.22, Nifty @ 15554(+205), 10 Year G-SEC @ 7.47%
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