Market implied expectations for US inflation for the next half-decade surged to the highest in 15 y ears - Geojit Financial Services
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* Market implied expectations for US inflation for the next half-decade surged to the highest in 15 y ears.
* Oil fluctuates.
* US 10 year treasury yields trims gains, but poised for weekly gain.
* FIIs were net sellers in Indian equities worth 2818.9 crores. DIIs bought net 428.45 cr.
OUTLOOK - USDINR
Despite minor penetration of 74.8, USDINR swung back towards 74.92, but could not sustain the momentum. We will go with the same bias as yesterday, expecting 75.02 today. Inability to clear 75.15 in the next few days could set up environment for a continued slide towards 74.5
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
