Major developments:
USD is now at 82.68. USDINR opened at 82.58. Fwd premia – 1 year fwdpremia is at 2.15% p.a.
-Indian CPI climbed 6.5% in Jan as against 5.7% in Dec. Food inflation climbed to 5.9%. RBI may continue with few more rate hikes till inflation trends sustainable below 6%.
-US CPI, retail sales and Industrial production data are key events for the week.
RBI ref rate:
-USDINR is at 82.68 .Prior day’s close was 82.73.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.40%.
-USDINR 1 yr fwd premia is at 2.15%.
USDINR @ 82.68, EUR/USD@ 1.0737, GBP/USD @ 1.2149, USD/JPY @ 131.91, EUR/INR @ 88.79, GBP/INR @ 100.4, JPY/INR @ 62.68.
Gold@1868, Brent Crude @ 86, Nifty @ 17841(+70), 10 Year G-SEC @ 7.40%.
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