Major developments:

USD is now at 82.74. USDINR opened at 82.75. Fwd premia – 1 year fwdpremia is at 1.92% p.a. 
-FOMC minutes showed that members were divided on future rate movement.
-US debt ceiling impasse continues, with the hope that a solution will be found.
-UK Core inflation remains at 31 year high, sparking expectations of 25 bps rate hike.

RBI ref rate: 

-USDINR is at 82.74.Prior day’s close was 82.67.
-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7%.
-USDINR 1 yr fwd premia is at 1.93%.

USDINR @ 82.74, EUR/USD@ 1.0738, GBP/USD @ 1.2342, USD/JPY @ 139.64, EUR/INR @ 88.85, GBP/INR @ 102.12, JPY/INR @ 59.27.
Gold@1958, Brent Crude @ 78.30, Nifty @ 18273(-11), 10 Year G-SEC @ 7%.

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