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News Box

* US Treasury yields rose as Omicron variant’s fears receded.

* G-10 currencies traded mixed against the US Dollar.

* Key India data release awaited. GDP, fiscal deficit as well as eight core industries data.

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

* MSCI standard index rebalancing scheduled.

* Star Health IPO opens for sale.

OUTLOOK - USDINR

The anticipated upside turned having turned just short of our target of 75.2, a consolidation is now in place, which could see USDINR slipping into the 74.9 or 74.3.

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