Major developments:

USD is now at 81.33. USDINR opened at 81.48.  

1 year fwd premia is at 2.75% p.a.

RBI meeting is the key event for the week. US spending data, Core PCE index and GDP are key Global data releases.

Sterling recovered partially after BOE communicated that it will raise rates to combat inflation after taking into account new fiscal measures announced in mini budget.

RBI REF RATES: 

-USDINR is at 81.33 .Prior day’s close was 81.62.

-Indian Equity indices trade flat.

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

-USDINR 1 yr fwd premia is at 2.75%.

 USDINR @ 81.33, EUR/USD@ 0.9637, GBP/USD @ 1.0765, USD/JPY @ 144.53, EUR/INR @ 78.37, GBP/INR @ 87.55

 JPY/INR @ 56.27.

Gold@1638, Brent Crude @ 83.50, Nifty @ 17009(-7), 10 Year G-SEC @ 7.30%.

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