Major developments:

Rupee at 70.14, Equities decline. 

-Euro slumps to 1.12 as ECB cuts growth rate by 60 bps to 1.1% for 2019. No rate hike till 2020.

-Chinese exports down 20.7% in Feb and imports down 5.2%, raising fears of Global economic slow down. Chinese trade surplus fell to USD 4.12 bn in Feb.

-USDINR is at 70.14. Y’day’s close was 70. Expect 70.05-70.25 range for the day.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 7.38%.

-USDINR 1 yr fwd premia is at 4.01%.

USDINR @ 70.14, EUR/USD 1.1197, GBP/USD @ 1.3096, USD/JPY @ 111.22, EUR/INR @ 78.53, GBP/INR @ 91.85, JPY/INR @ 63.06.

Gold@1288, WTI Crude @ 56.50, Nifty @ 11023 (-34), 10 Year G-SEC @ 7.38.