Major developments:

USD is now at 82.31. USDINR opened at 82.16. Expect 82.17-82.50 range for the day. 

1 year fwd premia is at 2.80% p.a. Rupee has declined steeply again on stop loss orders, rally

in Crude prices and hawkish comments by senior Fed members. US employment data is the

key data release for the day. Robust employment data could trigger further rally in USD.

RBI REF RATES: 

-USDINR is at 82.31 .Prior day’s close was 81.89.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.49%.

-USDINR 1 yr fwd premia is at 2.80%.

USDINR @ 82.31, EUR/USD@ 0.9797, GBP/USD @ 1.1158, USD/JPY @ 145, EUR/INR @ 80.65, GBP/INR @ 91.85

JPY/INR @ 56.77.

Gold@1718, Brent Crude @ 94.25, Nifty @ 17286(-46), 10 Year G-SEC @ 7.49%.