Major developments:

USD is now at 83.15. USDINR opened at 82.98. Fwd premia – 1 year fwd premia is at 2.52% p.a.

Rupee has declined to 83.15. It fell after GAIL bought USD 1 bn y’day for Import payments.

US Yields has also moved higher to 4.15%.

-USDINR is at 83.15 .Prior day’s close was 83.02.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.51%.

-USDINR 1 yr fwd premia is at 2.51%.

USDINR @ 83.15, EUR/USD@ 0.9761, GBP/USD @ 1.1199, USD/JPY @ 149.93, EUR/INR @ 81.15, GBP/INR @ 93.08, JPY/INR @ 55.43.

Gold@1631, Brent Crude @ 92.50, Nifty @ 17439(-72), 10 Year G-SEC @ 7.51%.

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