Major developments:
USD is now at 81.93. USDINR opened at 81.95. Fwd premia – 1 year fwdpremia is at 2.50% p.a.
-RBI left rates unchanged. GDP is expected to be 6.5% and inflation is expected to moderate to 5.2%.
-US ISM data showed weakness and US Yields declined.
-US employment data is expected tomorrow.
RBI ref rate:
-USDINR is at 81.93. Prior day’s close was 82.08.
-Indian Equity indices climb.-Indian 10 year G-SEC yield is at 7.20%.
-USDINR 1 yr fwd premia is at 2.50%.
USDINR @ 81.93, EUR/USD@ 1.0892, GBP/USD @ 1.2447, USD/JPY @ 131.18, EUR/INR @ 89.24, GBP/INR @ 101.97, JPY/INR @ 62.48.
Gold@2028, Brent Crude @ 84.45, Nifty @ 17600(+43), 10 Year G-SEC @ 7.20%.
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