Major developments:

USD is now at 80.05. USDINR opened at 80.03. Today, the pair could trade in the 79.95-80.10

Zone.  1 year fwd premia is at 3% p.a. Indian Q1 GDP data is set for release this week. US Fed

Chairman hinted at aggressive rate hikes and implied there is no pivot or anchor rates. Fed

will be on course to hike rates till inflation trends down and employment levels show

softness. US employment data is the key data event for the week.

-USDINR is at 80.05 .Prior day’s close was 79.87.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.25%.

-USDINR 1 yr fwd premia is at 3%.

 USDINR @ 80.05, EUR/USD@ 0.9934, GBP/USD @ 1.1671, USD/JPY @ 138.75, EUR/INR @ 79.55, GBP/INR @ 93.45 JPY/INR @ 57.70.

Gold@1734, Brent Crude @ 99.40, Nifty @ 17335(-223), 10 Year G-SEC @ 7.25%.