USD is now at 81.63. USDINR opened at 81.62. Fwd premia – 1 year fwd
premia is at 2.27% p.a.
-Month end demand is putting pressure on Rupee.
-Indian Indices are down sharply.
-US earnings season, US GDP and inflation data will set the market direction for coming days.
-US GDP, Durables order, EU. UK PMI surveys are key events for the week.
-EU PMI(composite) climbed to 50.2, while UK PMI(composite) remained in contraction
-OPEC is to maintain supply as per existing arrangement.
RBI ref rate:
-USDINR is at 81.63 .Prior day’s close was 81.72.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.34%.
-USDINR 1 yr fwd premia is at 2.27%.
USDINR @ 81.63, EUR/USD@ 1.0894, GBP/USD @ 1.2319, USD/JPY @ 130.56, EUR/INR @ 88.94, GBP/INR @ 100.57, JPY/INR @ 62.54
Gold@1932, Brent Crude @ 86.40, Nifty @ 17949(-167), 10 Year G-SEC @ 7.34%.
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