FX RATES AND USDINR FWDS :
Major developments: USD is now at 82.40. USDINR opened at 82.36. Fwd premia – 1 year fwdpremia is at 1.55% p.a. -Spot Rupee and Asian FX Currencies are under pressure due
FX – MORNING UPDATE :
USDINR opened gap up at 82.31 y’day and the pair traded in the 82.24-82.34 range. Spot USDINR closed at 82.25, unchanged for USD as against prior close of 82.25. RBI reference r