Major developments:

USD is now at 78.30. USDINR opened at 78.24. Today, the pair could trade in the 78.15-78.35 Zone.  

1 year fwd premia is at 3.08% p.a. US ISM(mfrg), Consumer spending are key data events for the week.

G7 leaders are discussing further measures against Russia. G-7 is to ban Gold imports from Russia. Russia’s contribution is 5% of Global Gold exports.

Asian and Indian Equity markets are in rally mode today.

-USDINR is at 78.30 .Prior day’s close was 78.34.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.45%.

-USDINR 1 yr fwd premia is at 3.08%.

USDINR @ 78.30, EUR/USD 1.0568, GBP/USD @ 1.2285, USD/JPY @ 134.73, EUR/INR @ 82.73, GBP/INR @ 96.20, JPY/INR @ 58.13.

Gold@1838, WTI Crude @ 107.30, Nifty @ 15862(+163), 10 Year G-SEC @ 7.45%

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