Major developments:

Rupee is at 72.23. Indian Equity markets decline on Patel’s resignation and election trends. Markets are recovering from lows. Rupee hits 74.45. RBI sells USD to curtail volatility.

-USDINR is at 72.25. Y’day’s close was 71.34.

-Indian Equity indices decline 0.68%

-Indian 10 year G-SEC yield is at 7.66%.

-USDINR 1 yr fwd premia is at 3.95%.

USDINR @ 72.25, EUR/USD 1.1369, GBP/USD @ 1.2577, USD/JPY @ 113.10, EUR/INR @ 82.14, GBP/INR @ 90.86, JPY/INR @ 63.88.

Gold@1246, WTI Crude @ 51.14, Nifty @ 10400 (-88), 10 Year G-SEC @ 7.66.