Major developments:

USD is now at 82.80. USDINR opened at 82.83.

Fwd premia – 1 year fwd premia is at 2.05% p.a.  

FX markets may be in tight range this week, due to holiday season  in US and EU.

RBI ref rate:

-USDINR is at 82.80 .Prior day’s close was 82.86.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.32%.

-USDINR 1 yr fwd premia is at 2.05%.

USDINR @ 82.80, EUR/USD@ 1.0620, GBP/USD @ 1.2031, USD/JPY @ 133.78, EUR/INR @ 87.93, GBP/INR @ 99.61,JPY/INR @ 61.80

Gold@1814, Brent Crude @ 83.65, Nifty @ 18014(-109), 10 Year G-SEC @ 7.32%.