Major developments:

USD is now at 82.39. USDINR opened at 82.67. RBI intervened to sell USD at 82.67. Fwd premia has edged higher with 1 year fwd premia is at 3.02% p.a. US and Indian inflation data are key data events for the week.

-USDINR is at 82.39 .Prior day’s close was 82.33.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.50%.

-USDINR 1 yr fwd premia is at 3.02%.

USDINR @ 82.39, EUR/USD@ 0.9734, GBP/USD @ 1.1071, USD/JPY @ 145.48, EUR/INR @ 80.19, GBP/INR @ 91.21, JPY/INR @ 56.94.

Gold@1692, Brent Crude @ 97, Nifty @ 17078(-236), 10 Year G-SEC @ 7.50%.

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