USD is now at 74.13. USDINR opened at 74.16. Expected range: 73.95-74.20. US 10 Year yield jumped higher to hit 1.55%.
Though there was a pause in Crude rally y’day, price remain elevated due to supply shortage and soaring natural gas prices.
Chinese Power production has also been hit due to coal shortage, forcing many industrial units to trim down
USD is supported due to risk aversion and higher US Yields. US senate has to raise debt
ceiling limit within 2 days, otherwise, it will force Govt shutdown.
RBI REF RATES:
-USDINR is at 74.13 .Prior day’s close was 74.04.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.21%.
-USDINR 1 yr fwd premia is at 4.42%.
USDINR @ 74.13, EUR/USD 1.1688, GBP/USD @ 1.3553, USD/JPY @ 111.45, EUR/INR @ 86.64, GBP/INR @ 100.47, JPY/INR @ 66.51
Gold@1740, WTI Crude @ 74, Nifty @ 17652(-95), 10 Year G-SEC @ 6.21%
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