FX RATES AND USDINR FWDS :

Major developments:

USD is now at 82.73. USDINR opened at 82.74. Fwd premia – 1 year fwdpremia is at 2.05% p.a. USDINR fwd premia has climbed from below 1.75% to 2.05%. Focus is on US Core PCE data set for release on Friday.
RBI ref rate:

-USDINR is at 82.73 .Prior day’s close was 82.75.
-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 7.31%.
-USDINR 1 yr fwd premia is at 2.05%.

USDINR @ 82.73, EUR/USD@ 1.0610, GBP/USD @ 1.2167, USD/JPY @ 132.25, EUR/INR @ 87.78, GBP/INR @ 100.66, JPY/INR @ 62.55.
Gold@1824, Brent Crude @ 80, Nifty @ 18357(-28), 10 Year G-SEC @ 7.31%.

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