USD is now at 81.56. USDINR opened at 81.67. Fwd premia – 1 year fwd

premia is at 2.10% p.a. Rupee could decline to 81.90/82.20 levels, on expected USD

outflows. Focus is on US retail sales.

-USDINR is at 81.56 .Prior day’s close was 81.30.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 7.25%.

-USDINR 1 yr fwd premia is at 2.10%.

USDINR @ 81.56, EUR/USD@ 1.0372, GBP/USD @ 1.1887, USD/JPY @ 139.56, EUR/INR @ 84.61, GBP/INR @ 96.97, JPY/INR @ 58.45

Gold@1764, Brent Crude @ 91.80, Nifty @ 18373(-35), 10 Year G-SEC @ 7.25%.

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