Major developments:

USD is now at 81.65. USDINR opened at 81.56.

Fwd premia – 1 year fwdpremia is at 2.14% p.a. Rupee could decline to 81.90/82.20 levels, on expected USD

outflows.

-USDINR is at 81.65 .Prior day’s close was 81.65.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.29%.

-USDINR 1 yr fwd premia is at 2.14%.

USDINR @ 81.65, EUR/USD@ 1.0368, GBP/USD @ 1.1896, USD/JPY @ 139.88, EUR/INR @ 84.65, GBP/INR @ 97.14

JPY/INR @ 58.38 Gold@1764, Brent Crude @ 90.30, Nifty @ 18287(-58), 10 Year G-SEC @ 7.29%.