Major developments:

USD is now at 81.91. USDINR opened at 81.84. Fwd premia – 1 year fwdpremia is at 2.20% p.a. 
-RBI has been active in defending 81.65 levels. RBI seems to have bought USD y’day.
-India-Russia Rupee trade is likely to halt as Russia has huge Rupee surplus and prefers
payment through third Currencies like UAE Dirhams.
-US CPI and BOE rate decisions are key events for the week.
RBI ref rate: 

-USDINR is at 81.91 .Prior day’s close was 81.80.
-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.04%.
-USDINR 1 yr fwd premia is at 2.20%.

USDINR @ 81.91, EUR/USD@ 1.0993, GBP/USD @ 1.2618, USD/JPY @ 134.94, EUR/INR @ 90.04, GBP/INR @ 103.35, JPY/INR @ 60.70.
Gold@2032, Brent Crude @ 77, Nifty @ 18322(+57), 10 Year G-SEC @ 7.04%.

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