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Weak dollar helped Rupee log its best day against US currency in over seven weeks

Oil and Gold firm.

US 10 year treasury yields rose to a five month high of 1.674% yesterday, adding to last four consecutive days’ gains.

10 year gilt at 18 month high, bringing rate hike spectre closer.

Asian equities in the green.

FIIs were net sellers in Indian equities worth 505.79 crores. DIIs sold net 2578.22cr.

OUTLOOK - USDINR

74.8 is expected to hold and prompt an upswing aiming that may not exceed 75.15. 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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