FX RATES AND USDINR FWDS :

Major developments:

USD is now at 82.75. USDINR opened at 82.70. Fwd premia – 1 year fwdpremia is at 1.95% p.a.  EU PMI, US ISM and employment data are key events for the week. Indian DEC PMI(mfrg) climbed to 2 year high of 57.8.
RBI ref rate:

-USDINR is at 82.75 .Prior day’s close was 82.74.
-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.32%.
-USDINR 1 yr fwd premia is at 1.95%.

USDINR @ 82.75, EUR/USD@ 1.0678, GBP/USD @ 1.2081, USD/JPY @ 129.57, EUR/INR @ 88.36, GBP/INR @ 99.97, JPY/INR @ 63.85.
Gold@1848, Brent Crude @ 85.50, Nifty @ 18225(+28), 10 Year G-SEC @ 7.32%.

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