FX RATES AND USDINR FWDS

Major developments:

USD is now at 79.87. USDINR opened at 79.83. Today, the pair could trade in the 79.78-80

Zone. 1 year fwd premia is at 3.01% p.a. US Durables order, Core PCE index and Global PMI

data are the focus events for the week. US 10 year yield rose to 3.03%, weighing down on

GBP and Euro. EU’S economy faces major hurdles for growth due to Gas supply issues and

trade exposures to China.

RBI REF RATES:

-USDINR is at 79.87 .Prior day’s close was 79.78.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.30%.

-USDINR 1 yr fwd premia is at 3.01%.

USDINR @ 79.87, EUR/USD@ 0.9935, GBP/USD @ 1.1764, USD/JPY @ 137.28, EUR/INR @ 79.37, GBP/INR @ 93.98JPY/INR @ 58.19.

Gold@1749, Brent Crude @ 97, Nifty @ 17508(+15), 10 Year G-SEC @ 7.30%.

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