FX RATES AND USDINR FWDS

Major developments:
USD is now at 72.96. USDINR opened at 72.95. Expected range: 72.90-73.04. US inflation and ECB meet are key Global events. Indian IIP and CPI data are also awaited.
RBI ref rates:
-USDINR is at 72.96. Prior day’s close was 72.98.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.01%.
-USDINR 1 yr fwd premia is at 4.50%.
USDINR @ 72.96, EUR/USD 1.2167, GBP/USD @ 1.4112, USD/JPY @ 109.55, EUR/INR @ 88.77, GBP/INR @ 102.96, JPY/INR @ 66.61.
Gold@1888, WTI Crude @ 69.55, Nifty @ 15714(+79), 10 Year G-SEC @ 6.01%.

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