USD is now at 82.19. USDINR opened at 82.10.
Fwd premia – 1 year fwd premia is at 2.25% p.a.
US CPI, Indian CPI and IIP are key data releases for this week.
China reaffirmed its Zero Covid tolerance policy.
USD’s Friday decline and asset market gains were due to China news.
If US CPI data is more than expectation, USD’S rise would continue.
RBI ref rate:
-USDINR is at 82.19 .Prior day’s close was 82.44.
-Indian Equity indices climb marginally.
-Indian 10 year G-SEC yield is at 7.45%.
-USDINR 1 yr fwd premia is at 2.25%.
USDINR @ 82.19, EUR/USD@ 0.9938, GBP/USD @ 1.1330, USD/JPY @ 147.22, EUR/INR @ 81.68, GBP/INR @ 93.11, JPY/INR @ 55.15
Gold@1676, Brent Crude @ 97.70, Nifty @ 18176(+58), 10 Year G-SEC @ 7.45%.
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