Major developments:

USD is now at 82.40. USDINR opened at 82.47. Fwd premia – 1 year fwdpremia is at 2.40% p.a. 
-Rupee falls on OPEC production cut.
-OPEC slashes production by 1.16 mn barrels per day. This brings total production cut to 3.66mn barrels per day. Brent Crude jumped 5% to hit USD 84.
-Indian CAD declines to 2.2% of GDP in Q3.
-RBI meeting is in focus this week.
-US ISM data and employment data will seal Fed’s decision to raise rates by either 25 or 50 bps.
RBI ref rate: 

-USDINR is at 82.40 .Prior day’s close was 82.18.
-Indian Equity indices decline mildly.

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

USDINR @ 82.40, EUR/USD@ 1.0792, GBP/USD @ 1.2279, USD/JPY @ 133.51, EUR/INR @ 88.93, GBP/INR @ 101.18, JPY/INR @ 61.83.
Gold@1970, Brent Crude @ 83.75, Nifty @ 17336(-23), 10 Year G-SEC @ 7.34%.

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