USD is now at 76.18. USDINR opened at 76.18. The pair could trade in the 76-76.22 Zone.
CPI climbed steeply to 6.95% in March as against 6.05% in Feb. Food inflation climbed to 7.7%
and Core inflation was also higher at 6.4%. IIP grew less than expected by 1.7% in Feb.
RBI may change its stance in June meeting and will be pressured to hike rates by 50 bps by
RBI REF RATES:
-USDINR is at 76.18 .Prior day’s close was 76.14.
-Indian Equity indices gain marginally.
-Indian 10 year G-SEC yield is at 7.23%.-USDINR 1 yr fwd premia is at 4.08%.USDINR @ 76.18, EUR/USD 1.0832, GBP/USD @ 1.30, USD/JPY @ 125.63, EUR/INR @ 82.53, GBP/INR @ 99.05JPY/INR @ 60.65Gold@1969, WTI Crude @ 100.72, Nifty @ 17541(+11), 10 Year G-SEC @ 7.23%.
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