USD is now at 76.66. USDINR opened at 76.64. Today, the pair could trade in the 76.45-76.75 Zone.
BOE increased rates by 25 bps and sent mixed signals. Pound fell after BOE decision.
Global investor sentiment has cratered due to fear of excessive rates tightening by central banks, which may be required to combat high inflation.
However, there is a fear that it could land economies in recession.
-USDINR is at 76.66. .Prior day’s close was 76.26.
-Indian Equity indices decline steeply.
-Indian 10 year G-SEC yield is at 7.42%.
-USDINR 1 yr fwd premia is at 4.15%.
USDINR @ 76.66, EUR/USD 1.0530, GBP/USD @ 1.2361, USD/JPY @ 130.65, EUR/INR @ 80.73, GBP/INR @ 94.78
JPY/INR @ 58.69
Gold@1892, WTI Crude @ 108.50, Nifty @ 16391(-292), 10 Year G-SEC @ 7.42%.
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