Major developments:

USD is now at 81.62. USDINR opened at 81.64.

Fwd premia – 1 year fwd premia is at 1.95% p.a. 

Indian Q2 GDP data is set for release today.

US Fed Chairman’s speech is another crucial event.

US Core PCE data and employment data are key data releases for this week.

RBI ref rate:

-USDINR is at 81.62 .Prior day’s close was 81.72.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 7.28%.

-USDINR 1 yr fwd premia is at 1.95%.

USDINR @ 81.62, EUR/USD@ 1.0357, GBP/USD @ 1.1987, USD/JPY @ 138.56, EUR/INR @ 84.52, GBP/INR @ 97.82, JPY/INR @ 58.89

Gold@1753, Brent Crude @ 85.20, Nifty @ 18634(+16), 10 Year G-SEC @ 7.28%.

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