Major developments:

USD is now at 82.34. USDINR opened at 82.38.

Fwd premia – 1 year fwd premia is at 2.40% p.a. 

RBI meeting is scheduled on Nov 3 rd to consider reply to Govt on Inflation management.

Fed meeting and BOE meeting are other crucial events.

Fed’s statement on future rate hikes will shape new direction for Currency pairs.

US employment data is another key data release for this week.

RBI ref rate:

-USDINR is at 82.34 .Prior day’s close was 82.46.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.44%.

-USDINR 1 yr fwd premia is at 2.40%.

USDINR @ 82.34, EUR/USD@ 0.9963, GBP/USD @ 1.1602, USD/JPY @ 147.89, EUR/INR @ 82.04, GBP/INR @ 95.53, JPY/INR @ 55.65.

Gold@1648, Brent Crude @ 93, Nifty @ 17947(+161), 10 Year G-SEC @ 7.44%.