Major developments:

USD is now at 79.17. USDINR opened at 79.32. Today, the pair could trade in the 79.05-79.30

Zone.  1 year fwd premia is at 2.90% p.a. CPI inflation remained elevated at 7%. RBI is

expected to increase rates by 50 bps in its upcoming meeting. Rupee gain to 79.17 could be

attributed to inflows related to Adani Group. US CPI is the key data event for the day.

-USDINR is at 79.17 .Prior day’s close was 79.53.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.15%.

-USDINR 1 yr fwd premia is at 2.90%.

USDINR @ 79.17, EUR/USD@ 1.0129, GBP/USD @ 1.1683, USD/JPY @ 142.51, EUR/INR @ 80.18, GBP/INR @ 92.49 JPY/INR @ 55.55.

Gold@1731, Brent Crude @ 93.70, Nifty @ 18039(+105), 10 Year G-SEC @ 7.15%.

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