Major developments:

USD is now at 79.41. USDINR opened at 79.54. Today, the pair could trade in the 79.35-79.55

Zone.  1 year fwd premia is at 3.18% p.a. US economy contracted for the second straight

quarter and is now in recession officially. US Yields fell, and contributed to reversal in

USDJPY pair. INR gained as markets are now betting on gradual rate hikes by Fed. US and

Indian Equities climbed further.

US Spending data and EU CPI are key events for the week. 

RBI REF RATES: 

-USDINR is at 79.41 .Prior day’s close was 79.75.

-Indian Equity indices climb. 

-Indian 10 year G-SEC yield is at 7.28%.

-USDINR 1 yr fwd premia is at 3.18%.

 USDINR @ 79.41, EUR/USD 1.0238, GBP/USD @ 1.2227, USD/JPY @ 132.74, EUR/INR @ 81.30, GBP/INR @ 97.10,JPY/INR @ 59.82.

 Gold@1763, Brent Crude @ 102.30, Nifty @ 17105(+176), 10 Year G-SEC @ 7.28%.

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