Major developments:

USD is now at 79.76. USDINR opened at 79.71. Today, the pair could trade in the 79.70-79.85

Zone.  1 year fwd premia is at 3.10% p.a. US FOMC meeting, US GDP and EU CPI are key

events for the week.

RBI REF RATES: 

-USDINR is at 79.76 .Prior day’s close was 79.73.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.40%.

-USDINR 1 yr fwd premia is at 3.10%.

USDINR @ 79.76, EUR/USD 1.0229, GBP/USD @ 1.2068, USD/JPY @ 136.48, EUR/INR @ 81.59, GBP/INR @,96.25, JPY/INR @ 58.44.

Gold@1717, Brent Crude @ 101.50, Nifty @ 16521(-108), 10 Year G-SEC @ 7.40%.

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