Major developments:

USD is now at 81.62. USDINR opened at 81.54. Expect 81.50-81.85 range for the day. 
1 year fwd premia is at 2.78% p.a. ECB meeting and US employment data are key events for the week. Oil prices rose as OPEC decided to cut supplies by 2 million barrel per day. US has said that it will release 10 mn barrels from its strategic reserves. US and Indian Yields have jumped again.
RBI REF RATES: 

-USDINR is at 81.62 .Prior day’s close was 81.52.
-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.45%.
-USDINR 1 yr fwd premia is at 2.78%.

USDINR @ 81.62, EUR/USD@ 0.9920, GBP/USD @ 1.1343, USD/JPY @ 144.52, EUR/INR @ 80.96, GBP/INR @ 92.59JPY/INR @ 56.48.
Gold@1731, Brent Crude @ 93.35, Nifty @ 17366(+92), 10 Year G-SEC @ 7.45%.

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