Major developments:

USD is now at 73.35. USDINR opened at 73.42. Expect 73.35-73.55 range for the day. CPI inflation eased to 4.29%. However, fwd premia and 10 Year yield has inched slightly higher. 1 year fwd premia is now at 6.15%. US economic data and Fed speakers information will be scrutinised carfelly for interest rate view. Surge in Global commodity prices have caused inflation apprehension.

RBI ref rates:

-USDINR is at 73.35. Prior day’s close was 73.42.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.02%.

-USDINR 1 yr fwd premia is at 5.15%.

USDINR @ 73.37, EUR/USD 1.2085, GBP/USD @ 1.4043, USD/JPY @ 109.53, EUR/INR @ 88.66, GBP/INR @ 103.02, JPY/INR @ 66.98.
Gold@1823, WTI Crude @ 63.65, Nifty @ 14683(-10), 10 Year G-SEC @ 6.02%.

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