FX RATES AND USDINR FWDS :

Major developments:

USD is now at 82.82. USDINR opened at 82.84. Fwd premia – 1 year fwdpremia is at 1.85% p.a. Expect  82.75-82.88 range for the day.

RBI ref rate: 

-USDINR is at 82.82.Prior day’s close was 82.83.
-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7%.
-USDINR 1 yr fwd premia is at 1.85%.

USDINR @ 82.82, EUR/USD@ 1.0810, GBP/USD @ 1.2437, USD/JPY @ 138.51, EUR/INR @ 89.53, GBP/INR @ 103, JPY/INR @ 59.80.
Gold@1965, Brent Crude @ 76, Nifty @ 18392(+77), 10 Year G-SEC @ 7%.

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