Major developments:
USD is now at 82.21. USDINR opened at 82.22. Fwd premia – 1 year fwdpremia is at 2.09% p.a. Expect 82.09-82.29 range for the day.
-Indian CPI moderated to 4.9% y/y in April.
-US retail sales is the key data event for the week.
RBI ref rate:
-USDINR is at 82.21 .Prior day’s close was 82.16.
-Indian Equity indices climb.-Indian 10 year G-SEC yield is at 7%.
-USDINR 1 yr fwd premia is at 2.09%.
USDINR @ 82.21, EUR/USD@ 1.0861, GBP/USD @ 1.2460, USD/JPY @ 136.12, EUR/INR @ 89.29, GBP/INR @ 102.44, JPY/INR @ 60.40.
Gold@2018, Brent Crude @ 73.55, Nifty @ 18379(+64), 10 Year G-SEC @ 7%.
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