Major developments:

USD is now at 81.91. USDINR opened at 81.75. Fwd premia – 1 year fwdpremia is at 2.25% p.a. 
-Rupee declines after early gains.
-Focus is on Indian and CPI data.
RBI ref rate: 

-USDINR is at 81.91 .Prior day’s close was 82.05.
-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 7.38%.
-USDINR 1 yr fwd premia is at 2.25%.

USDINR @ 81.91, EUR/USD@ 1.0718, GBP/USD @ 1.2115, USD/JPY @ 134.16, EUR/INR @ 87.78, GBP/INR @ 99.22, JPY/INR @ 60.43.
Gold@1885, Brent Crude @ 83.10, Nifty @ 17432(+20), 10 Year G-SEC @ 7.38%.

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