Major developments:
USD is now at 75.83. USDINR opened at 75.91. The pair could trade in the 75.73-75.95 Zone.
Indian 10 Year yield continues to climb with rate hitting 7.17%. 1 Year USDINR fwd premia
has rallied to 4.08% p.a.
US inflation data and ECB meeting are key events for the week.
RBI REF RATES:
-USDINR is at 75.83 .Prior day’s close was 75.91.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.17%.-USDINR 1 yr fwd premia is at 4.08%.USDINR @ 75.83, EUR/USD 1.0883, GBP/USD @ 1.3013, USD/JPY @ 124.92, EUR/INR @ 82.54, GBP/INR @ 98.70JPY/INR @ 60.85Gold@1941, WTI Crude @ 96, Nifty @ 17689(-95), 10 Year G-SEC @ 7.17%.