Major developments:
USD is now at 81.69. USDINR opened at 81.74. Fwd premia – 1 year fwdpremia is at 2.24% p.a. Indian exports declined 12.2% y/y to USD 34.5 bn in Dec. Trade deficit declined to USD 23.7 bn. US PPI and retail sales are key data releases.
RBI ref rate:
-USDINR is at 81.69 .Prior day’s close was 81.82.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.32%.
-USDINR 1 yr fwd premia is at 2.24%.
USDINR @ 81.69, EUR/USD@ 1.0768, GBP/USD @ 1.2273, USD/JPY @ 131.31, EUR/INR @ 87.98, GBP/INR @ 100.25, JPY/INR @ 62.22.
Gold@1900, Brent Crude @ 86.55, Nifty @ 18110(+56), 10 Year G-SEC @ 7.32%.
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