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 to climb in Oil prices. -Indian PMI(mfrg) remained robust at 57.7. -US, UK and EU PMI (mfrg) remained in contraction mode. -Fitch Cut US AAA rating to AA+. -Oil prices climb on steep drawdown in US Oil inventory. RBI ref rates

-USDINR is at 82.40.Prior day’s close was 82.26.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.17%.

-USDINR 1 yr fwd premia is at 1.56%.

USDINR @ 82.40, EUR/USD@ 1.0984, GBP/USD @ 1.2775, USD/JPY @ 143.16, EUR/INR @ 90.51, GBP/INR @ 105.27, JPY/INR @ 57.56Gold@1994, Brent Crude @ 85.10, Nifty @ 19743(-9), 10 Year G-SEC @ 7.15%.

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