Major developments:

USD is now at 80.93. USDINR opened at 80.54.

Fwd premia – 1 year fwd premia is at 2.37% p.a.

Rupee is weakening steadily today after opening at 80.54.

RBI may have bought USD at lower levels.

Fed member has also cautioned that one single month inflation data cannot push Fed back on rate hikes. Though Fed may not indicate terminal

rates, it may signal gradual hikes in next meeting.

US retail sales is the key data release.

Indian IIP climbed 3.1% in Sept.

-USDINR is at 80.93 .Prior day’s close was 80.81.

-Indian Equity indices trade flat..

-Indian 10 year G-SEC yield is at 7.30%.

-USDINR 1 yr fwd premia is at 2.37%.

USDINR @ 80.93, EUR/USD@ 1.0309, GBP/USD @ 1.1760, USD/JPY @ 139.43, EUR/INR @ 83.43, GBP/INR @ 95.15, JPY/INR @ 57.90

Gold@1762, Brent Crude @ 96.25, Nifty @ 18355(+5), 10 Year G-SEC @ 7.30%.

Click to open an Account : https://ekyc.gwcindia.in/client/

For all your investment needs feel free to reach us.

Give us Missed Call us on 90037 90027 . For Support : 044-40329999