Major developments:
USD is now at 82.74. USDINR opened at 82.66. Fwd premia – 1 year fwdpremia is at 2.11% p.a.
-Rupee’s decline is attributed to strong USD Index.
-Indian Equity indices are still under pressure.
-RBI’S MPC meeting is the important event for the week.
RBI ref rate:
-USDINR is at 82.74 .Prior day’s close was 82.73.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.32%.
-USDINR 1 yr fwd premia is at 2.12%.USDINR @ 82.74, EUR/USD@ 1.0735, GBP/USD @ 1.2045, USD/JPY @ 132.28, EUR/INR @ 88.83, GBP/INR @ 99.65, JPY/INR @ 62.56.
Gold@1885, Brent Crude @ 81.75, Nifty @ 17741(-25), 10 Year G-SEC @ 7.32%.
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