Major developments:

USD is now at 77.60. USDINR opened at 77.46. Today, the pair could trade in the 77.26-77.65 Zone. 

Global Equities continued to slide and USD remained strong as Fed member expressed opinion of a string of rate hikes. He felt that Fed rates should cross 3% by the end of this year from its present level of 1%. 

Crude continued to receive support due to EU-Russian actions on each other. 

Indian inflation is expected and could weigh down on markets, if the data is more than expected.

-USDINR is at 77.60 .Prior day’s close was 77.24.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.26%.

-USDINR 1 yr fwd premia is at 3.85%.

 USDINR @ 77.60, EUR/USD 1.05, GBP/USD @ 1.2195, USD/JPY @ 129.63, EUR/INR @ 81.45, GBP/INR @ 94.63 JPY/INR @ 59.87

 Gold@1848, WTI Crude @ 104.10, Nifty @ 15881(-286), 10 Year G-SEC @ 7.26%.

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