Major developments:
USD is now at 74.50. USDINR opened at 74.44. Expected range: 74.35-74.55. US CPI soared to multi decade highs, triggering gains in USD and Gold. Indian yields also moved higher by 7bps since y’day. Equity markets is also under pressure.
RBI REF RATES:
-USDINR is at 74.50 .Prior day’s close was 74.38.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.36%.
-USDINR 1 yr fwd premia is at 4.68%.
USDINR @ 74.50, EUR/USD 1.1477, GBP/USD @ 1.3415, USD/JPY @ 113.93, EUR/INR @ 85.50, GBP/INR @ 99.90 JPY/INR @ 65.37.
Gold@1855, WTI Crude @ 81.55, Nifty @ 17857(-158), 10 Year G-SEC @ 6.36%.
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