Major developments:

USD is now at 77.49. USDINR opened at 77.52. Today, the pair could trade in the 77.44-77.65Zone.  Euro corrected higher on hawkish comments by ECB Chief. UK PMI (mfrg) and PMI(services) data hit 15 month lows, signaling economic pain and high inflation. No major developments. 
RBI REF RATES: 

-USDINR is at 77.49 .Prior day’s close was 77.58.
-Indian Equity indices gain marginally.

-Indian 10 year G-SEC yield is at 7.32%.
-USDINR 1 yr fwd premia is at 3.82%.

USDINR @ 77.49, EUR/USD 1.0708, GBP/USD @ 1.2540, USD/JPY @ 126.99, EUR/INR @ 82.98, GBP/INR @ 97.17JPY/INR @ 61.03Gold@1860, WTI Crude @ 111, Nifty @ 16137(+12), 10 Year G-SEC @ 7.32%.

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