Major developments:

USD is now at 82.25. USDINR opened at 82.30. Fwd premia – 1 year fwdpremia is at 2.40% p.a. 
-Rupee trades steady. 
-EU and UK mfrg data are key events for the day.RBI ref rate: 

-USDINR is at 82.25 .Prior day’s close was 82.66.
-Indian Equity indices decline modestly

-Indian 10 year G-SEC yield is at 7.34%.
-USDINR 1 yr fwd premia is at 2.40%.

USDINR @ 82.25, EUR/USD@ 1.0835, GBP/USD @ 1.2287, USD/JPY @ 130.12, EUR/INR @ 89.12, GBP/INR @ 101.06, JPY/INR @ 63.22.
Gold@1994, Brent Crude @ 76, Nifty @ 17041(-36), 10 Year G-SEC @ 7.34%.

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