Major developments:

USD is now at 77.51. USDINR opened at 77.50. Today, the pair could trade in the 77.43-77.72 Zone. 

China cut 5 Year PLR by 15 bps to counter covid impact on the economy. Asian Equities are higher

Decline below 77.48 could help Rupee to stabilise. RBI has sold USD in the last few sessions to stem

steep losses. On any positive development, Rupee could gain to 77.20/77 levels.

-USDINR is at 77.51 .Prior day’s close was 77.72.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.34%.

-USDINR 1 yr fwd premia is at 3.76%.

USDINR @ 77.51, EUR/USD 1.0574, GBP/USD @ 1.2450, USD/JPY @ 127.64, EUR/INR @ 81.98, GBP/INR @ 96.53

JPY/INR @ 60.70

Gold@1839, WTI Crude @ 108.80, Nifty @ 16163(+354), 10 Year G-SEC @ 7.34%.

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