Major developments:
USD is now at 74.50. USDINR opened at 74.49. Expect 74.40- 74.60 range for the day.
Russia- Ukraine issue and US interest rate path will continue to dominate market movements.
-USDINR is at 74.50 .Prior day’s close was 74.66.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.67%.
-USDINR 1 yr fwd premia is at 4.06%.
USDINR @ 74.50, EUR/USD 1.1362, GBP/USD @ 1.3619, USD/JPY @ 114.97, EUR/INR @ 84.62, GBP/INR @ 101.42, JPY/INR @ 64.75.
Gold@1895, WTI Crude @ 89.45, Nifty @ 17231(-46), 10 Year G-SEC @ 6.67%.
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