Major developments:

USD is now at 79.63. USDINR opened at 79.49. Today, the pair could trade in the 79.43-79.70

Zone.  1 year fwd premia is at 2.95% p.a. Indian CPI data is due today. US CPI and retail 

sales are other key events for the week. EUR/USD is approaching parity level.

US Yield inversion, Crude prices , rising financial strain on some leading banks in Europe, 

Gas crisis in Germany are other important events to be focused for its impact on Eur/USD. 

RBI REF RATES: 

-USDINR is at 79.63 .Prior day’s close was 79.44.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.43%.

-USDINR 1 yr fwd premia is at 2.95%.

USDINR @ 79.63, EUR/USD 1.0014, GBP/USD @ 1.1866, USD/JPY @ 137.29, EUR/INR @ 79.75, GBP/INR @ 94.48 JPY/INR @ 58.

Gold@1736, Brent Crude @ 105.50, Nifty @ 16155(-60), 10 Year G-SEC @ 7.43%.

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