Major developments:
USD is now at 74.28. USDINR opened at 74.25. Expected range: 74.15-74.35.
US CPI data was in line with expectations. Analysts believe that CPI has peaked and will reduce pressure on Fed to announce tapering in Sept. USD rally against crosses has paused for the present.
RBI ref rates:
-USDINR is at 74.28. Prior day’s close was 74.44.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.23%.
-USDINR 1 yr fwd premia is at 4.24%.
USDINR @ 74.28, EUR/USD 1.1741, GBP/USD @ 1.3868, USD/JPY @ 110.41, EUR/INR @ 87.22, GBP/INR @ 103, JPY/INR @ 67.28.
Gold@1753, WTI Crude @ 69.30, Nifty @ 16328(+46), 10 Year G-SEC @ 6.23%.
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