Major developments:

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 

mode. 

-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%.

Click to open an Account : https://ekyc.gwcindia.in/client/

For all your investment needs feel free to reach us.

Give us Missed Call us on 90037 90027 . For Support : 044-40329999