FX RATES AND USDINR FWDS

Major developments:
USD is now at 75.61. USDINR opened at 75.51. The pair could trade in the 75.35-75.70 Zone. 
USD rallied, tracking sharp jump in US Treasury yields. Fed members hinted at rapid 
reduction in Fed balance sheet, meaning accelerated withdrawal of liquidity and hike in rate.
Today’s Fed Minutes and RBI meeting on Friday are key events.
Oil is maintaining a steady tone, weighed down by lock down in Shanghai and increase in 
American Oil inventory.
RBI REF RATES:

-USDINR is at 75.61 .Prior day’s close was 75.33.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.92%.-USDINR 1 yr fwd premia is at 3.85%.USDINR @ 75.61, EUR/USD 1.0893, GBP/USD @ 1.3067, USD/JPY @ 123.94, EUR/INR @ 82.37, GBP/INR @ 98.81JPY/INR @ 61.01Gold@1923, WTI Crude @ 102.30, Nifty @ 17831(-126), 10 Year G-SEC @ 6.92%

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