Major developments:

USDINR pulled back form 70.10 to trade now at 69.95. Fwd premia declines by 7 to 10 ps across different month

maturities.Euro was pressured due to weak German business survey.

US GDP is the key focus for this week. Indian Equity indices climb for the second consecutive day.

-USDINR is at 69.95. Y’day’s close was 69.87.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.45%.

-USDINR 1 yr fwd premia is at 4.30%.

USDINR @ 69.95, EUR/USD 1.1156, GBP/USD @ 1.2903, USD/JPY @ 111.92, EUR/INR @ 78.04, GBP/INR @ 90.26, JPY/INR @ 62.50.

Gold@1275, WTI Crude @ 65.93, Nifty @ 11790 (+63), 10 Year G-SEC @ 7.45.