USD is now at 82.45. USDINR opened at 82.40. Fwd premia – 1 year fwdpremia is at 2.15% p.a.
-Strong US employment data triggered rally in USD against majors.
-Rupee’s decline is attributed to strong USD Index.
-Indian Equity indices are still under pressure despite stellar results from SBI.
-RBI’S MPC meeting is the important event for the week.
RBI ref rate:
-USDINR is at 82.45 .Prior day’s close was 81.83.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.32%.
-USDINR 1 yr fwd premia is at 2.15%.
USDINR @ 82.45, EUR/USD@ 1.0797, GBP/USD @ 1.2060, USD/JPY @ 131.72, EUR/INR @ 89.02, GBP/INR @ 99.43, JPY/INR @ 62.70
Gold@1890, Brent Crude @ 80.15, Nifty @ 17718(-135), 10 Year G-SEC @ 7.32%.
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