Major developments:

USD is now at 79.15. USDINR opened at 79.60. Today, the pair could trade in the 79.45-79.06

Zone.  1 year fwd premia is at 2.90% p.a. US CPI showed that inflation is entrenched. Fed is

likely to hike rates by even 100 bps in Sept meeting. USD climbed and US Stocks declined.

Indian Equity indices have recovered from early decline.

RBI REF RATES: 

-USDINR is at 79.52 .Prior day’s close was 79.15.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.13%.

-USDINR 1 yr fwd premia is at 2.90%.

 USDINR @ 79.53, EUR/USD@ 0.9976, GBP/USD @ 1.1498, USD/JPY @ 143.41, EUR/INR @ 79.34, GBP/INR @ 91.44, JPY/INR @ 55.45.

Gold@1711, Brent Crude @ 92.53, Nifty @ 18035(-33), 10 Year G-SEC @ 7.13%.

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