FX RATES AND USDINR FWDS

Major developments:
USD is now at 81.52. USDINR opened at 81.52.   
1 year fwd premia is at 2.70% p.a. RBI meeting is the key event for the week.
USD strength against major pairs continues.
Equity markets are witnessing sharp decline.
RBI REF RATES: 


-USDINR is at 81.52 .Prior day’s close was 80.99.
-Indian Equity indices declines.-Indian 10 year G-SEC yield is at 7.38%.
-USDINR 1 yr fwd premia is at 2.70%.USDINR @ 81.52, EUR/USD@ 0.9633, GBP/USD @ 1.0549, USD/JPY @ 144.05, EUR/INR @ 78.56, GBP/INR @ 86.03JPY/INR @ 57.29.
Gold@1644, Brent Crude @ 84.50, Nifty @ 17034(-293), 10 Year G-SEC @ 7.38%.

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