Major developments:

USD is now at 74.63. USDINR opened at 74.80. Expect 74.60-74.95 range for the day. Indian

Equity indices are up. WPI inflation climbed to 7.39% in March, up from 4.17% in Feb. Rise in

G-SEC Yield from 6% to 6.17% seems to be supporting Rupee.

RBI REF RATE:

-USDINR is at 74.63. Prior day’s close was 74.92.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.17%.

-USDINR 1 yr fwd premia is at 4.60%.

USDINR @ 74.63, EUR/USD 1.1965, GBP/USD @ 1.3761, USD/JPY @ 108.81, EUR/INR @ 89.33, GBP/INR @ 102.75, JPY/INR @ 68.60.

Gold@1765, WTI Crude @ 63.59, Nifty @ 14660(+79), 10 Year G-SEC @ 6.17%.

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