Major developments:

USD is steady against Rupee. Equities trade flat. Mumbai rains cripple normal business activity. Budget is

the focus event for this week.

-USDINR is at 69.01. Y’day’s close was 68.94.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.85%.

-USDINR 1 yr fwd premia is at 4.71%.

USDINR @ 69.01, EUR/USD 1.1283, GBP/USD @ 1.2632, USD/JPY @ 108.37, EUR/INR @ 77.86, GBP/INR @ 87.17,

JPY/INR @ 63.67.

Gold@1390, WTI Crude @ 59, Nifty @ 11855 (-10), 10 Year G-SEC @ 6.85.