Major developments:

USD is now at 81.70. USDINR opened at 81.70. Fwd premia – 1 year fwd

premia is at 2.11% p.a. 

Fed Minutes indicated slower rate hikes.

USD fell broadly against majors.

Rupee remains steady as month end demand bids USD.  

RBI ref rate:

RBI ref rate:

-USDINR is at 81.70 .Prior day’s close was 81.85.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.27%.

-USDINR 1 yr fwd premia is at 2.11%.

USDINR @ 81.70, EUR/USD@ 1.0433, GBP/USD @ 1.2088, USD/JPY @ 138.78, EUR/INR @ 85.24, GBP/INR @ 98.76 JPY/INR @ 58.87

Gold@1755, Brent Crude @ 85.22, Nifty @ 18348(+79), 10 Year G-SEC @ 7.27%.

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