Major developments:

USD is now at 81.35. USDINR opened at 81.39. Fwd premia – 1 year fwdpremia is at 2.37% p.a. Softer than expected US retail sales and Whole sale price data triggered recession worries and dragged US Yields and Equity indices lower. Fed’s beige book also pointed to weak economic activity in many states.
RBI ref rate:

-USDINR is at 81.35 .Prior day’s close was 81.24.
-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 7.28%.
-USDINR 1 yr fwd premia is at 2.37%.

USDINR @ 81.35, EUR/USD@ 1.0792, GBP/USD @ 1.2332, USD/JPY @ 127.95, EUR/INR @ 87.80, GBP/INR @ 100.32, JPY/INR @ 63.58.
Gold@1911, Brent Crude @ 84, Nifty @ 18124(-40), 10 Year G-SEC @ 7.28%.

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