Major developments:

USD is now at 81.10. USDINR opened at 81.10.

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

Indian Core sector growth slumped to 0.1% in Oct from prior month reading of 7.8%.US Core PCE data and employment data are key data releases for this week.

Fed Chief indicated that rate hikes may slow, but it will be a long way to consider pausing hikes as inflation is still high.

Indian Equity indices climbed to all time highs. FII inflows remained robust in Nov.

RBI ref rate:

-USDINR is at 81.10 .Prior day’s close was 81.42.

-Indian Equity indices climb.

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

-USDINR 1 yr fwd premia is at 1.95%.

USDINR @ 81.10, EUR/USD@ 1.0444, GBP/USD @ 1.2102, USD/JPY @ 136.63, EUR/INR @ 84.70, GBP/INR @ 98.15, JPY/INR @ 59.35

Gold@1793, Brent Crude @ 86.75, Nifty @ 18828(+69), 10 Year G-SEC @ 7.25%.

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