Major developments:

USD is now at 82.55. USDINR opened at 82.57. Fwd premia – 1 year fwdpremia is at 2.11% p.a. 
-US ISM data remained in contraction mode, implying negative or shallow growth in Q1 2023.
However, prices paid remained robust, implying that inflationary pressures remain unabated.
-Rupee is tracking EM Currencies and is down mildly today.
-Indian Equity indices are under pressure.

RBI ref rate: 

-USDINR is at 82.55 .Prior day’s close was 82.50.
-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.44%.
-USDINR 1 yr fwd premia is at 2.11%.

USDINR @ 82.55, EUR/USD@ 1.0649, GBP/USD @ 1.2004, USD/JPY @ 136.41, EUR/INR @ 87.91, GBP/INR @ 99.11, JPY/INR @ 60.53.
Gold@1840, Brent Crude @ 84.45, Nifty @ 17362(-89), 10 Year G-SEC @ 7.44%.

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