Major developments:

USD is now at 82.47. USDINR opened at 82.49. Fwd premia – 1 year fwdpremia is at 2.30% p.a. 
-Rupee recovers from 82.80.
-ECB raised rates by 50 bps. However, there was no hawkish communication. It said that it will be data dependent.
-Considering the banking crisis, ECB and Fed may consider ending the rate hike cycle.

RBI ref rate: 

-USDINR is at 82.47 .Prior day’s close was 82.73.
-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.36%.
-USDINR 1 yr fwd premia is at 2.30%.

USDINR @ 82.47, EUR/USD@ 1.0650, GBP/USD @ 1.2149, USD/JPY @ 133.10, EUR/INR @ 87.83, GBP/INR @ 100.20, JPY/INR @ 61.96.
Gold@1919, Brent Crude @ 75.50, Nifty @ 17051(+66), 10 Year G-SEC @ 7.36%.

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