USD is now at 78.16. USDINR opened at 78.08. Today, the pair could trade in the 78.08-78.25 Zone.
1 year fwd premia is at 2.90% p.a. USDINR fwds slumped further.
Asian and Indian Equity markets are falling after Y’day’s impressive climb.
US Equity futures is in negative territory.
Crude declined as rising interest rates could soften growth and keep a lid on demand,US President is also contemplating of tax holiday for Oil companies to boost production.
RBI REF RATES:
-USDINR is at 78.16 .Prior day’s close was 78.08.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.42%.
-USDINR 1 yr fwd premia is at 2.90%.
USDINR @ 78.16, EUR/USD 1.0511, GBP/USD @ 1.2241, USD/JPY @ 136.25, EUR/INR @ 82.16, GBP/INR @ 95.68
JPY/INR @ 57.36.
Gold@1828, WTI Crude @ 105.70, Nifty @ 15451(-187), 10 Year G-SEC @ 7.42%
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