Major developments:

RBI steady, Equities climb. RBI removes Allahabad, Dhanalaxmi and corporation bank from PCA framework.

-USDINR is at 71. Y’day’s close was 71.07. Expect 70.95-71.10 range for the day.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.42%.

-USDINR 1 yr fwd premia is at 4.08%.

USDINR @ 71, EUR/USD 1.1378, GBP/USD @ 1.3244, USD/JPY @ 110.60, EUR/INR @ 80.78, GBP/INR @ 94.03, JPY/INR @ 64.19.

Gold@1327, WTI Crude @ 56.15, Nifty @ 10928 (+92), 10 Year G-SEC @ 7.42.