USD is now at 77.60. USDINR opened at 77.54. Today, the pair could trade in the 77.45-77.65 Zone. Fed Minutes indicated that the board will hike rates aggressively in coming months, but may pause by the year end to assess the impact on growth and inflation.
-USDINR is at 77.60 .Prior day’s close was 77.52.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.31%.
-USDINR 1 yr fwd premia is at 3.84%.
USDINR @ 77.60, EUR/USD 1.0681, GBP/USD @ 1.2564, USD/JPY @ 127.39, EUR/INR @ 82.88, GBP/INR @ 97.49 JPY/INR @ 60.92
Gold@1843, WTI Crude @ 111, Nifty @ 15921(-104), 10 Year G-SEC @ 7.31%.
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