Major developments:

USD gains 21 ps to trade at 68.36. Equities climb. IIP and CPI data are infocus this week. Fed Chairman hinted at rate

cut in his testimony.

-USDINR is at 68.36. y’day’s close was 68.57.

-Indian Equity indices climb marginally higher.

-Indian 10 year G-SEC yield is at 6.51%.

-USDINR 1 yr fwd premia is at 4.75%.

USDINR @ 68.36, EUR/USD 1.1276, GBP/USD @ 1.2536, USD/JPY @ 107.94, EUR/INR @ 77.08, GBP/INR @ 85.70,

JPY/INR @ 63.33

Gold@1424, WTI Crude @ 60.73, Nifty @ 11549 (+50), 10 Year G-SEC @ 6.51