Major developments:
USD is now at 81.77. USDINR opened at 81.79. Fwd premia – 1 year fwdpremia is at 2.27% p.a.
-USDINR took support at 81.62 y’day. It seems RBI intervened to stem Rupee gains y’day.
-Decline in Oil prices helped Yields to decline with 10 Year yield at 7.11%.
-US Core PCE index is the key data event for the day.
RBI ref rate:
-USDINR is at 81.77 .Prior day’s close was 81.84.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 7.11%.
-USDINR 1 yr fwd premia is at 2.28%.
USDINR @ 81.77, EUR/USD@ 1.1012, GBP/USD @ 1.2479, USD/JPY @ 134.93, EUR/INR @ 90.03, GBP/INR @ 102.01, JPY/INR @ 60.64.
Gold@1995, Brent Crude @ 78.80, Nifty @ 17907(-6), 10 Year G-SEC @ 7.11%.
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