Major developments:

USD is now at 82.34. USDINR opened at 82.28. Fwd premia has softened with 1 year fwd. Premia is at 2.58% p.a. US inflation data has confirmed 75 bps rate hike by Fed.
Equities have recovered post inflation data. Underlying risk prevails for fall in riskier assets .
USD could climb higher after modest correction.
US retail sales data is the key event for the day.

RBI ref rate:

-USDINR is at 82.34 .Prior day’s close was 82.35.

-Indian Equity indices climb steeply.

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

-USDINR 1 yr fwd premia is at 2.58%.

USDINR @ 82.34, EUR/USD@ 0.9784, GBP/USD @ 1.1324, USD/JPY @ 147.43, EUR/INR @ 80.56, GBP/INR @ 93.25,JPY/INR @ 55.85.

Gold@1673, Brent Crude @ 94.60, Nifty @ 17293(+279), 10 Year G-SEC @ 7.45%.

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