Major developments:

USD is now at 79.83. USDINR opened at 79.82. Today, the pair could trade in the 79.77-79.90

Zone.  1 year fwd premia is at 3.03% p.a.  Global PMI (composite) data slipped into

contraction mode, implying recession in EU and shallow growth in US. Oil prices climbed as

Saudi Arabia hinted at production cut, if Iranian Oil enters markets.US durables data and Core

PCE index are key events for the week.

RBI REF RATES: 

-USDINR is at 79.83 .Prior day’s close was 79.87.

-Indian Equity indices trade flat.

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

-USDINR 1 yr fwd premia is at 3.03%.

 USDINR @ 79.83, EUR/USD@ 0.9953, GBP/USD @ 1.1814, USD/JPY @ 136.60, EUR/INR @ 79.46, GBP/INR @ 94.33 JPY/INR @ 58.45.

Gold@1759, Brent Crude @ 99.70, Nifty @ 17566(-9), 10 Year G-SEC @ 7.30%.

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