Major developments:

USD is now at 82.18. USDINR opened at 82.23. Fwd premia – 1 year fwdpremia is at 2.04% p.a. Expect  82.09-82.30 range for the day.
-Indian trade deficit moderated to USD 15.24 bn in April. Services exports climbed to USD 30.66 bn and service exports was in surplus at USD 14.16 bn. Total merchandise and Services deficit shrunk to USD 1.38 bn.
-US retail sales and EU Zew surveys are important data events for the day.
RBI ref rate: 

-USDINR is at 82.18 .Prior day’s close was 82.30.
-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.98%.
-USDINR 1 yr fwd premia is at 2.05%.

USDINR @ 82.18, EUR/USD@ 1.0877, GBP/USD @ 1.2517, USD/JPY @ 135.98, EUR/INR @ 89.39, GBP/INR @ 102.88, JPY/INR @ 60.43.
Gold@2020, Brent Crude @ 75.50, Nifty @ 18387(-10), 10 Year G-SEC @ 6.98%.

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