Major developments:

USD is now at 73.47. USDINR opened at 73.48. Expect 73.35-73.65 range for the day. Pound rallied and Euro remained subdued. Focus is on US CPI and retail sales data. USDINR is at crucial support levels. RBI could support USD on any further gains.
RBI ref rates:

-USDINR is at 73.47. Prior day’s close was 73.34.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.01%.

-USDINR 1 yr fwd premia is at 5.03%.

USDINR @ 73.47, EUR/USD 1.2145, GBP/USD @ 1.4127, USD/JPY @ 108.84, EUR/INR @ 89.22, GBP/INR @ 103.79, JPY/INR @ 67.51.

Gold@1837, WTI Crude @ 64.40, Nifty @ 14834(-107), 10 Year G-SEC @ 6%.

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