Major developments:
USD is now at 79.65. USDINR opened at 79.63. Today, the pair could trade in the 79.50-79.85Zone. 1 year fwd premia is at 2.93% p.a. Indian PMI(mfrg) was robust at 56.2. Aug GST collections climbed 28% y/y to Rs 1.44 Lac cr.US employment data is the key data event for the day. US ISM(mfrg) was also in expansionmode with prices softening and labor market remaining upbeat.
RBI REF RATES:
-USDINR is at 79.65 .Prior day’s close was 79.63.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 7.24%.
-USDINR 1 yr fwd premia is at 2.93%.
USDINR @ 79.65, EUR/USD@ 0.9970, GBP/USD @ 1.1554, USD/JPY @ 140.38, EUR/INR @ 79.39, GBP/INR @ 92.01JPY/INR @ 56.74.
Gold@1710, Brent Crude @ 94, Nifty @ 17527(-16), 10 Year G-SEC @ 7.24%.
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