Major developments:

USD is now at 79.25. USDINR opened at 79.14. Today, the pair could trade in the 78.95-79.38

Zone.  1 year fwd premia is at 3.08% p.a.  RBI hiked repo rates by 50 bps to 5.9%. GDP is

expected to be at 7.2% and CPI inflation for the full year is expected to average 6.7%.

Crude Oil fell further, breaching important technical levels. US employment data is the key

event for the day.

RBI REF RATES: 

-USDINR is at 79.24 .Prior day’s close was 79.47.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.30%.

-USDINR 1 yr fwd premia is at 3.09%.

 USDINR @ 79.25, EUR/USD 1.0230, GBP/USD @ 1.2159, USD/JPY @ 133.32, EUR/INR @ 81.07, GBP/INR @ 96.35

 JPY/INR @ 59.45.

 Gold@1806, Brent Crude @ 94.80, Nifty @ 17404(+21), 10 Year G-SEC @ 7.30%.