Globally,
US equity markets closed flat after the release of core-durable goods data.Durable and core-durable goods orders increased by 11.2% and 2.4% respectively.
US 10 year bond yield eased slightly from key resistance levels of 0.7%. US
treasuries will take further cues from speech of FED Chair, Powell, which is
scheduled later during the day. EUR/USD pair continued to consolidate near 1.1830
levels.
On domestic front, Government 10 year bond yield re-surged to 6.21% amid concerns of rising inflation and government borrowing. Yesterday, USDINR pair spiked 74.45 in first half and gave up most of its gains in second. USDINR pair has immediate resistance near 74.45-50 levels and immediate support near 74.15-20 levels. Intraday range seen as 74.15-74.45
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