Major developments:

USDINR is trading at 70.44 . Indian retail inflation ticked higher to 2.92% in April from March data of 2.86%. Food inflation climbed 1.1% in April. Global markets are jittery and Yuan continues to be under pressure.

USDINR has broken 70.30 resistance levels. Support is at 70.30 and later at 69.75. Next resistance is at 70.80. Imports can be covered on decline to 69.75.

-USDINR is at 70.44. Friday’s close was 70.52.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 7.37%.

-USDINR 1 yr fwd premia is at 4.20%.

USDINR @ 70.44, EUR/USD 1.1237, GBP/USD @ 1.2959, USD/JPY @ 109.61, EUR/INR @ 79.15, GBP/INR @ 91.28, 

JPY/INR @ 64.26.

Gold@1299, WTI Crude @ 61.35, Nifty @ 11113 (-31), 10 Year G-SEC @ 7.37.