Major developments:
USD is now at 82.10. USDINR opened at 82.06. Fwd premia – 1 year fwdpremia is at 2.22% p.a.
-Indian CPI and IIP data are key events for the week.
-IMF has downgraded Global forecast to 2.7% for 2023. Indian GDP is expected to be 5.9% in 2023 as against RBI’S expected growth of 6.5% for the full fiscal.
-US CPI, retail sales will also be watched closely.
RBI ref rate:
-USDINR is at 82.10 .Prior day’s close was 82.12.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.22%.
-USDINR 1 yr fwd premia is at 2.25%.
USDINR @ 82.10, EUR/USD@ 1.0927, GBP/USD @ 1.2439, USD/JPY @ 133.72, EUR/INR @ 89.70, GBP/INR @ 102.10, JPY/INR @ 61.38.
Gold@2035, Brent Crude @ 85.65, Nifty @ 17748(+25), 10 Year G-SEC @ 7.22%.
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