Major developments:

USD is now at 81.93. USDINR opened at 81.89. Fwd premia – 1 year fwdpremia is at 2.23% p.a. 
-Indian Indices are sharply lower, pulled down by Infosys. Infosys results disappointed markets. Infy is down over 10%. HDFC bank interest income was up 34.9% y/y and NII was up 23.7% y/y. Loans are up 17% y/y in Q4 and deposits rose 21.4% y/y.
-Indian FX reserves rose by USD 6 bn to USD 584 bn. 

RBI ref rate: 

-USDINR is at 81.92 .Prior day’s close was 81.85.
-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.24%.
-USDINR 1 yr fwd premia is at 2.23%.

USDINR @ 81.93, EUR/USD@ 1.0984, GBP/USD @ 1.2412, USD/JPY @ 133.94, EUR/INR @ 89.98, GBP/INR @ 101.69, JPY/INR @ 61.30.
Gold@2017, Brent Crude @ 86, Nifty @ 17619(-208), 10 Year G-SEC @ 7.24%.

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