Major developments:

USD is now at 81.75. USDINR opened at 81.58.  

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.

BOE intervened in Gilt market to stabilise yields. Pound recovered partially.

RBI REF RATES: 

-USDINR is at 81.75 .Prior day’s close was 81.94.

-Indian Equity indices climb marginally higher.

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

-USDINR 1 yr fwd premia is at 2.75%.

 USDINR @ 81.75, EUR/USD@ 0.9685, GBP/USD @ 1.0808, USD/JPY @ 144.49, EUR/INR @ 79.14, GBP/INR @ 88.32 JPY/INR @ 56.56.

Gold@1659, Brent Crude @ 87.70, Nifty @ 16953(+95), 10 Year G-SEC @ 7.30%.

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