Major developments:
USD is now at 82.19. USDINR opened at 82.09. Fwd premia – 1 year fwdpremia is at 2.40% p.a.
-USD falls against majors and Rupee gains as US Yields decline.
-Lower job openings in US and weak manufacturing data raised expectation of Fed rate pause.
-RBI meeting and US nonfarm payrolls data are key events for the week.
-RBI ref rate:
-USDINR is at 82.20 .Prior day’s close was 82.33.
-Indian Equity indices climb.-Indian 10 year G-SEC yield is at 7.29%.
-USDINR 1 yr fwd premia is at 2.40%.
USDINR @ 82.19, EUR/USD@ 1.0954, GBP/USD @ 1.2487, USD/JPY @ 131.70, EUR/INR @ 90.03, GBP/INR @ 102.62, JPY/INR @ 62.44.
Gold@2040, Brent Crude @ 85.40, Nifty @ 17487(+89), 10 Year G-SEC @ 7.29%.
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