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News Box

* Spike In yields add to concerns about lofty equity valuations.

*US 10 year note briefly climbed above1.5%, its highest level since June.

* A majority ofG10 currencies fell as the dollar pared early morning declines.

* Asian equities slip as Evergrande misses more interest payments.

* RBI to hold reverse repo and state’s govt bond auctions.

* Fin min officials may pitch for a sovereign rating upgrade in meeting with Moody’s.

OUTLOOK - USDINR

Though upside bias continued yesterday on anticipated lines, the vertical rise towards 74- 74.2 is yet to unfold. We will go in today continuing to expect upsides, but inability to float above 73.77 could dilute this bias, and resign the trend into a consolidation mode or give a slight negative bias.

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