Major developments:

USD is now at 82.35. USDINR opened at 82.33.

Fwd premia has softened with 1 year fwd premia is at 2.48% p.a.

Sterling stabilizes as UK PM is set to reverse earlier budget proposals. 

UK and EU CPI inflation data are key data events for the week.

RBI ref rate:

-USDINR is at 82.35 .Prior day’s close was 82.36.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.42%.

-USDINR 1 yr fwd premia is at 2.48%.

USDINR @ 82.35, EUR/USD@ 0.9747, GBP/USD @ 1.1249, USD/JPY @ 148.72, EUR/INR @ 80.23, GBP/INR @ 92.59, JPY/INR @ 55.31.

Gold@1656, Brent Crude @ 92.45, Nifty @ 17277(+91), 10 Year G-SEC @ 7.42%.

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