Major developments:

USD is now at 78.24. USDINR opened at 78.25. Today, the pair could trade in the 78.18-78.38 Zone.  

1 year fwd premia is at 2.94% p.a. Crude declined further and Euro corrected higher.

Fed Chairman said that Fed is strongly committed to bringing down inflation with the hope

that economy will not enter into recession. Focus is on EU, UK PMI data.

-USDINR is at 78.24 .Prior day’s close was 78.38.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.40%.

-USDINR 1 yr fwd premia is at 2.94%.

 USDINR @ 78.24, EUR/USD 1.0575, GBP/USD @ 1.2262, USD/JPY @ 135.45, EUR/INR @ 82.74, GBP/INR @ 95.95, JPY/INR @ 57.76.

Gold@1834, WTI Crude @ 103.45, Nifty @ 15573(+160), 10 Year G-SEC @ 7.40%

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