FX Rates and USD INR Forward Rate July 10, 2023

Major developments:

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USD is now at 77.24. USDINR opened at 77.29. Today, the pair could trade in the 77.20-77.45 Zone. 

US and Indian Inflation data are key events for this week. USDINR has supports at 76.98 and  resistance is at 77.55. Fear of excessive rates tightening, Chinese lockdown and Ukraine war continue to dominate economic and market developments.

-USDINR is at 77.24 .Prior day’s close was 77.46.

-Indian Equity indices trade marginally higher.

-Indian 10 year G-SEC yield is at 7.39%.

-USDINR 1 yr fwd premia is at 4.04%.

USDINR @ 77.24, EUR/USD 1.0581, GBP/USD @ 1.2370, USD/JPY @ 130.38, EUR/INR @ 81.73, GBP/INR @ 95.53

JPY/INR @ 59.24

Gold@1861, WTI Crude @ 102, Nifty @ 16321(+20), 10 Year G-SEC @ 7.39%.

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