Major developments:

USDINR is trading at 69.86 . US President said that Chinese has broken the agreed deal and he will be happy to receive extra tariff till deal is concluded. Asian markets sunk further on this news.

USDINR could trade in the 68.30-70.30 zone in coming days. Key support is at 69.20/ 68.30 and important resistances are at 69.75 and later at 70.30. Exporters can hedge between 69.75 and 70.30. Near term imports can be covered on decline to 69.30 and later on dips to 68.30.

-USDINR is at 69.86. Y’day’s close was 69.71.

-Indian Equity indices decline.

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

-USDINR 1 yr fwd premia is at 4.22%.

USDINR @ 69.86, EUR/USD 1.1194, GBP/USD @ 1.3017, USD/JPY @ 109.91, EUR/INR @ 78.20, GBP/INR @ 90.93,

JPY/INR @ 63.56.

Gold@1281, WTI Crude @ 61.76, Nifty @ 11346 (-13), 10 Year G-SEC @ 7.38.