Major developments:
USD is now at 82.76. USDINR opened at 82.73. Fwd premia – 1 year fwdpremia is at 1.90% p.a. Expect 82.60-82.80 range for the day.
-Rupee is under pressure, tracking USD’S broad rally against Crosses and Asian Currencies.-USD 10 Year yield has moved higher to 3.65%.-USDINR fwd premia declines further with 1 year premia at 1.9% p.a.
RBI ref rate:
-USDINR is at 82.76 .Prior day’s close was 82.59.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.98%.
-USDINR 1 yr fwd premia is at 1.90%.
USDINR @ 82.76, EUR/USD@ 1.0762, GBP/USD @ 1.2376, USD/JPY @ 138.41, EUR/INR @ 89.08, GBP/INR @ 102.61, JPY/INR @ 59.80.
Gold@1964, Brent Crude @ 76.50, Nifty @ 18095(-36), 10 Year G-SEC @ 6.98%.
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