Major developments:

USD is now at 73.96. USDINR opened at 73.88. Expected range: 73.78-74.10. RBI seems to have intervened at 73.80 y’day.

Indian CPI climbed to 5.9% as base effect waned. Food inflation was also higher. IIP climbed 1.9%.

USD declined despite multi decade high CPI. Euro is now at 1.1445.

-USDINR is at 73.92 .Prior day’s close was 73.92.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.58%.

-USDINR 1 yr fwd premia is at 4.75%.

USDINR @ 73.93, EUR/USD 1.1444, GBP/USD @ 1.3714, USD/JPY @ 114.56, EUR/INR @ 84.60, GBP/INR @ 101.40

JPY/INR @ 64.54.

Gold@1827, WTI Crude @ 82.40, Nifty @ 18204(-7), 10 Year G-SEC @ 6.58%

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