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Asian equities fell on Wednesday tracking gains in US treasuries, while SGX held firm.

US inflation (August) figures came in below forecast, but remain elevated.

RBI will auction 170b rupees of T bills.

Áugust Trade Deficit at$23.8b, est -13.87b; exports exports rose 45.76% y/y to $33.28b, while imports rose 51.72% y/y to $47.09b

Global funds buy net INR 16.5B of india stocks on Tuesday.

OUTLOOK - USDINR

The push to 73.67 evolved on anticipated lines. The close above 73.6, keeps upside bias intact. Thus 74-74.2 trajectory remains in play, but a slippage beyond 73.47 would deflate all such hopes.

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