Major developments:

USD is now at 82.15. USDINR opened at 82.37. Fwd premia – 1 year fwdpremia is at 2.40% p.a. 
-Rupee gains 50 ps, tracking USD’S decline against majors.
-EURUSD climbs to 1.09, as ECB is expected to raise rates more than Fed from now. 
–Fed hiked rates by 25 bps and is nearing the terminal rate of 5.1%.
-Fed believes that banking problems would tighten credit conditions and will be equivalent to tightening.
RBI ref rate: 

-USDINR is at 82.15 .Prior day’s close was 82.66.
-Indian Equity indices recover from early losses.

-Indian 10 year G-SEC yield is at 7.33%.
-USDINR 1 yr fwd premia is at 2.40%.

USDINR @ 82.15, EUR/USD@ 1.0909, GBP/USD @ 1.2328, USD/JPY @ 130.75, EUR/INR @ 89.63, GBP/INR @ 101.29, JPY/INR @ 62.84.
Gold@1980, Brent Crude @ 76, Nifty @ 17138(-13), 10 Year G-SEC @ 7.33%.

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