Major developments:

USD is now at 82.86. USDINR opened at 82.86. Fwd premia – 1 year fwdpremia is at 2.08% p.a. 
-US CPI was reported at 6.4% y/y and Core CPI moderated slightly to 5.3%. 
-US CPI is still high enough to warrant two more 25 bps rate hikes by Fed.
-US retail sales and Industrial production data are other key events for the week.

RBI ref rate: 

-USDINR is at 82.86 .Prior day’s close was 82.76.
-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 7.35%.
-USDINR 1 yr fwd premia is at 2.08%.

USDINR @ 82.85, EUR/USD@ 1.0717, GBP/USD @ 1.2153, USD/JPY @ 133.09, EUR/INR @ 88.80, GBP/INR @ 100.70, JPY/INR @ 62.25.
Gold@1858, Brent Crude @ 85, Nifty @ 17932(+2), 10 Year G-SEC @ 7.35%.

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