USD is now at 76.40. USDINR opened at 76.40. Today, the pair could trade in the 76.30-76.50 Zone.
IMF lowered Global growth rate to 3.6% due to Ukraine war. Indian growth rate has been downgraded to 8.2%.
Lock down in Shanghai and Russian sanctions are biting growth.
Focus is on Fed Chairman’s speech. Hawkish voices from Fed pushed US 10 Year yield to 2.94%.
RBI REF RATES:
-USDINR is at 76.40 .Prior day’s close was 76.50.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.15%.-USDINR 1 yr fwd premia is at 4.08%.USDINR @ 76.40, EUR/USD 1.0820, GBP/USD @ 1.3036, USD/JPY @ 128.62, EUR/INR @ 82.69, GBP/INR @ 99.62JPY/INR @ 59.42Gold@1945, WTI Crude @ 103, Nifty @ 17115(+1), 10 Year G-SEC @ 7.15%.
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