Major developments:

Fwd premia stabilises as 1 year annualised premia falls to 3.82% and Apr end fwd premia softens to 21 ps. US nonfarm payrolls is the focus event for the day.

-USDINR is at 69.15. Y’day’s close was 69.16.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 7.33%.

-USDINR 1 yr fwd premia is at 3.83%.

USDINR @ 69.15, EUR/USD 1.1227, GBP/USD @ 1.3112, USD/JPY @ 111.67, EUR/INR @ 77.63, GBP/INR @ 90.66, JPY/INR @ 61.92.

Gold@1289, WTI Crude @ 62.20, Nifty @ 11633 (+35), 10 Year G-SEC @ 7.33.