Major developments:

USD is now at 79.30. USDINR opened at 79.23. Today, the pair could trade in the 79.23-79.45 Zone.  

1 year fwd premia is at 3% p.a. FOMC Minutes, US employment data are key Global events for the week.

Global Equities recovered after steep losses. Commodities crashed. US Yield curve is set to invert, another

indicator for likely recession. Euro declined as economic situation may force ECB to maintain

status quo. However, Fed is likely to step up rate hikes.

USDINR is at 79.30 .Prior day’s close was 79.37.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 7.32%.

-USDINR 1 yr fwd premia is at 2.95%.

USDINR @ 79.30, EUR/USD 1.0250, GBP/USD @ 1.1933, USD/JPY @ 135.21, EUR/INR @ 81.29, GBP/INR @ 94.64, JPY/INR @ 58.65.

Gold@1765, Brent Crude @ 104.40, Nifty @ 15887(+75), 10 Year G-SEC @ 7.32%.

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