Major developments:USD is now at 79.92. USDINR opened at 79.85.
Today, the pair could trade in the 79.85-79.95Zone.
1 year fwd premia is at 2.90% p.a. USD gained further as ISM (services) data was betterthan expected. This could encourage Fed to keep its focus on inflation.
US 10 Year yieldclimbed to 3.34%. Oil dropped despite agreement on supply cut due to Chinese economicslow down and EU slow down fears.
ECB meeting is the key focus event for the week.
RBI REF RATES:
-USDINR is at 79.92 .Prior day’s close was 79.84.
-Indian Equity indices decline.-Indian 10 year G-SEC yield is at 7.18%.
-USDINR 1 yr fwd premia is at 2.90%.USDINR @ 79.92, EUR/USD@ 0.9893, GBP/USD @ 1.1474, USD/JPY @ 144.07, EUR/INR @ 79.07, GBP/INR @ 91.71JPY/INR @ 55.48.Gold@1703, Brent Crude @ 91.55, Nifty @ 17568(-87), 10 Year G-SEC @ 7.18%.
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