Major developments:

USD is steady at 68.91. Indian G-SEC yields pulled lower to 6.44% after FM clarified that there is no review of overseas bond issuance. Central banks decisions is the dominant theme for this week. Fed is expected to effect 25 bps cut on July 31 st. Their press conference is important to know future guidance. BOE is expected to hold. Bank of Japan is also meeting today.

US NFP and EU GDP data are the other important data events for this week. EURO remains weak and could decline if Fed limits to 25 bps cut.

-USDINR is at 68.91. Friday’s close was 68.91.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.44%.

-USDINR 1 yr fwd premia is at 4.40%.

USDINR @ 68.91, EUR/USD 1.1127, GBP/USD @ 1.2366, USD/JPY @ 108.57, EUR/INR @ 76.67, GBP/INR @ 85.21, JPY/INR @ 63.47.

Gold@1420, WTI Crude @ 56.10, Nifty @ 11244 (-41), 10 Year G-SEC @ 6.44