Major developments:

USD is now at 82.12. USDINR opened at 82.11. Fwd premia – 1 year fwdpremia is at 2.10% p.a. Expect  82.04-82.24 range for the day.
-US Weekly jobless claims jumped as tech and bank layoffs is impacting other sectors also.
-Crude Oil declined on weak US, Chinese economic data. Chinese inflation fell and credit growth was slower than expected.
-BOE hiked rates by 25 bps and expects inflation to fall from April. However, BOE indicated more rate hikes to tame inflation which is moderating slowly till now.
-Indian CPI and IIP are the focus events now.

RBI ref rate: 

-USDINR is at 82.12 .Prior day’s close was 82.09.
-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.02%.
-USDINR 1 yr fwd premia is at 2.11%.USDINR @ 82.12, EUR/USD@ 1.0925, GBP/USD @ 1.2523, USD/JPY @ 134.55, EUR/INR @ 89.71, GBP/INR @ 102.84, JPY/INR @ 61.05.
Gold@2036, Brent Crude @ 77, Nifty @ 18326(+11), 10 Year G-SEC @ 7.03%.

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