Major developments:USD is now at 77.67. USDINR opened at 77.69. Today, the pair could trade in the 77.58-77.78Zone. Global and Indian Equities declined steeply. RBI MPC minutes showed that rate hike was done to anchor inflation expectations and the tone of minutes implies series of rate hikes this year.
RBI REF RATES:
-USDINR is at 77.67 .Prior day’s close was 77.58.
-Indian Equity indices decline.-Indian 10 year G-SEC yield is at 7.35%.
-USDINR 1 yr fwd premia is at 3.65%.USDINR @ 77.67, EUR/USD 1.0497, GBP/USD @ 1.2386, USD/JPY @ 128.81, EUR/INR @ 81.53, GBP/INR @ 96.21JPY/INR @ 60.32Gold@1813, WTI Crude @ 108.15, Nifty @ 15937(-302), 10 Year G-SEC @ 7.35%.