Major developments:

USD is now at 79.93. USDINR opened at 79.92. Today, the pair could trade in the 79.80-80.05

Zone.  1 year fwd premia is at 2.95% p.a. India’s June trade deficit climbed to USD 26.18 bn. WPI

climbed 15.18%. US retail sales is the key event for the day. US Equities recovered from its

lows y’day after Fed members cooled market fears of 100 bps rate hike in July meeting.

RBI REF RATES: 

-USDINR is at 79.93 .Prior day’s close was 79.87.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.38%.

-USDINR 1 yr fwd premia is at 2.95%.

 USDINR @ 79.93, EUR/USD 1.0027, GBP/USD @ 1.1831, USD/JPY @ 138.98, EUR/INR @ 80.15, GBP/INR @ 94.57, JPY/INR @ 57.52.

 Gold@1706, Brent Crude @ 100, Nifty @ 15996(+57), 10 Year G-SEC @ 7.38%.