Major developments:

USD is now at 74.65. USDINR opened at 74.66. Expected range: 74.45-74.75.

USD gained against majors as US Yield rally continued. Rupee was pressured by rise in

Crude prices due to major pipeline issue in Iraq and Geo political problems in Russia and

UAE. UK’S inflation data is the key event for the day.

-USDINR is at 74.65 .Prior day’s close was 74.58.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.64%.

-USDINR 1 yr fwd premia is at 4.72%.

USDINR @ 74.65, EUR/USD 1.1329, GBP/USD @ 1.3607, USD/JPY @ 114.42, EUR/INR @ 84.58, GBP/INR @ 101.58

JPY/INR @ 65.25

Gold@1810, WTI Crude @ 85.85, Nifty @ 18020(-91), 10 Year G-SEC @ 6.64%.

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