Major developments:
Major Developments in Stock Market
USD is now at 83.27. USDINR opened at 83.27. Fwd premia – 1 year fwd
premia is at 1.61% p.a.
-IIP, CPI are important data events for the week.
-US CPI and IIP are important global events for the week.
RBI rates
-Indian Equity indices climb..
-Indian 10 year G-SEC yield is at 7.14%.
-USDINR 1 yr fwd premia is at 1.61%.
USDINR @ 83.27, EUR/USD@ 1.0835, GBP/USD @ 1.2630, USD/JPY @ 151.79, EUR/INR @ 90.22,
GBP/INR @ 105.19, JPY/INR @ 54.86
Gold@2334, Brent Crude @ 89.65, Nifty @ 22623(+110), 10 Year G-SEC @ 7.15%.
Hedging: USDINR payables be hedged on decline to 83.27.
Eur receivables can be hedged . GBPINR receivables ca n be hedged now.
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