Major developments:
USD is now at 81.93. USDINR opened at 81.82. Fwd premia – 1 year fwdpremia is at 2.35% p.a.
-Indian CPI and IIP data are key events for the week.
-IMF, World bank meetings are taking place this week. There may be release of Global economic forecasts.
-US CPI, retail sales will also be watched closely.
-EU and UK holiday today.
RBI ref rate:
-USDINR is at 81.93 .Prior day’s close was 81.90.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.21%.
-USDINR 1 yr fwd premia is at 2.35%.
USDINR @ 81.93, EUR/USD@ 1.0896, GBP/USD @ 1.2405, USD/JPY @ 132.68, EUR/INR @ 89.27, GBP/INR @ 101.63, JPY/INR @ 61.51.
Gold@2007, Brent Crude @ 85, Nifty @ 17622(+25), 10 Year G-SEC @ 7.21%.
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