USD is now at 82.21. USDINR opened at 82.04. Fwd premia – 1 year fwdpremia is at 2.15% p.a.
-Chinese Q1 GDP was higher than anticipated at 4.5%.
-UK inflation is still in double digit at 10.1%, fueling expectation of further rate hike.
-Crude prices fell on worries over Global economic slow down and fears of monetary
tightening by Central banks.
RBI ref rate:
FX RATES AND USDINR FWDS :
-Indian 10 year G-SEC yield is at 7.22%.
-USDINR 1 yr fwd premia is at 2.15%.
USDINR @ 82.21, EUR/USD@ 1.0957, GBP/USD @ 1.2426, USD/JPY @ 134.81, EUR/INR @ 90.08, GBP/INR @ 102.15, JPY/INR @ 60.98.
Gold@2003, Brent Crude @ 82, Nifty @ 17605(-15), 10 Year G-SEC @ 7.22%.
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