Major developments:

USD is now at 79.91. USDINR opened at 79.88. Today, the pair could trade in the 79.85-80.05

Zone.  1 year fwd premia is at 3.18% p.a. ECB hiked rates by 50 bps. ECB Chief said that rate

hike decisions will be taken on a meeting by meeting and pledged to bring inflation back to

the mandated level.

RBI REF RATES: 

-USDINR is at 79.91 .Prior day’s close was 79.95.

-Indian Equity indices climb.

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

-USDINR 1 yr fwd premia is at 3.18%.

 USDINR @ 79.91, EUR/USD 1.0184, GBP/USD @ 1.1960, USD/JPY @ 137.93, EUR/INR @ 81.38, GBP/INR @ 95.56 JPY/INR @ 57.94.

 Gold@1707, Brent Crude @ 104.80, Nifty @ 16630(+25), 10 Year G-SEC @ 7.46%.

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