Major developments:

USD is now at 82.53. USDINR opened at 82.49. Fwd premia – 1 year fwdpremia is at 2.11% p.a. 
-Indian Q3 GDP moderated to 4.4% due to high base effect, lower exports and weaker than expected consumer demand.

Mfrg contraction contributed to lower GDP. However, full year GDP is expected to be 7%. 

-Rupee gained to 82.37 due to overall strength in EM Currencies.
-SBI and HDFC bond inward flows expectation may have also caused Rupee gains.
-Indian Equity indices are in recovery mode today.
-US ISM data and Fed Chairman’s testimony are watched events for the day.

RBI ref rate: 

-USDINR is at 82.53 .Prior day’s close was 82.67.
-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 7.45%.
-USDINR 1 yr fwd premia is at 2.11%.

USDINR @ 82.53, EUR/USD@ 1.0590, GBP/USD @ 1.2039, USD/JPY @ 136.38, EUR/INR @ 87.40, GBP/INR @ 99.36, JPY/INR @ 60.52.
Gold@1837, Brent Crude @ 84, Nifty @ 17412(+109), 10 Year G-SEC @ 7.45%.

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