Major developments:
USD is now at 81.56. USDINR opened at 81.63. Fwd premia – 1 year fwd premia is at 2.34% p.a. Upside break out of 81.65 could take USDINR back to 81.95/82.20. Big supports are at 81.15/80.75.
US CPI is key data event for the day. Indian CPI and IIP data are also awaited.

RBI ref rate:

-USDINR is at 81.56 .Prior day’s close was 81.43.
-Indian Equity indices decline..
-Indian 10 year G-SEC yield is at 7.37%.
-USDINR 1 yr fwd premia is at 2.34%.
USDINR @ 81.56, EUR/USD@ 1.0032, GBP/USD @ 1.1411, USD/JPY @ 146.16, EUR/INR @ 81.83,GBP/INR @ 93.07,JPY/INR @ 55.81.
Gold@1714, Brent Crude @ 92.65, Nifty @ 18037(-119), 10 Year G-SEC @ 7.37%.

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