Major developments:

USD is now at 77.70. USDINR opened at 77.65. Today, the pair could trade in the 77.55-77.78 Zone.  

RBI hiked repo rates by 50 bps. GDP growth is retained at 7.2% and inflation is expected to average 6.7% in FY 23. 

RBI REF RATES: 

-USDINR is at 77.70 .Prior day’s close was 77.71.

-Indian Equity indices recover from early losses.

-Indian 10 year G-SEC yield is at 7.46%.

-USDINR 1 yr fwd premia is at 3.80%.

USDINR @ 77.70, EUR/USD 1.0691, GBP/USD @ 1.2578, USD/JPY @ 133, EUR/INR @ 83.09, GBP/INR @ 97.79 JPY/INR @ 58.38

Gold@1852, WTI Crude @ 120, Nifty @ 16443(+26), 10 Year G-SEC @ 7.46%

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