Major developments:

USD is now at 81.40. USDINR opened at 81.12. Fwd premia – 1 year fwdpremia is at 2.27% p.a. CPI declined to 6.77%. WPI inflation moderated to 19 month low of8.39%. Fed members pushed back on rate pause and said that more rates are necessary, though it can be moderated.
RBI ref rate:

-USDINR is at 81.40 .Prior day’s close was 81.26.
-Indian Equity indices decline.-Indian 10 year G-SEC yield is at 7.29%.
-USDINR 1 yr fwd premia is at 2.27%.

–USDINR @ 81.40, EUR/USD@ 1.0330, GBP/USD @ 1.1778, USD/JPY @ 140.24, EUR/INR @ 84.05, GBP/INR @ 95.86, JPY/INR @ 58.03.
Gold@1775, Brent Crude @ 92.90, Nifty @ 18285(-43), 10 Year G-SEC @ 7.29%.

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