Major developments:
USD is now at 82.42. USDINR opened at 82.36. Fwd premia – 1 year fwdpremia is at 2% p.a. Expect 82.35-82.48 range for the day.
-USD INDEX continues to maintain its recent uptrend and thus exerting pressure on Rupee. -US debt ceiling talks are inching closer to a solution by week end.
RBI ref rate:
-USDINR is at 82.42 .Prior day’s close was 82.39.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.98%.
-USDINR 1 yr fwd premia is at 2%.
USDINR @ 82.42, EUR/USD@ 1.0836, GBP/USD @ 1.2477, USD/JPY @ 137.56, EUR/INR @ 89.30, GBP/INR @ 102.83, JPY/INR @ 59.90.
Gold@1982, Brent Crude @ 76.65, Nifty @ 18222(+40), 10 Year G-SEC @ 6.98%.
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