Major developments:

USD is now at 71.77. Rupee opened at 71.83 . Expect 71.60-71.85 range for the day. Rupee’s  decline is attributed to steep rise in Crude, following attack on Saudi Aramco refinery.  FOMC meeting, BOE and BOJ meetings are other important events for this week.

-USDINR is at 71.77. Y’day’s close was 71.60.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.71%.

-USDINR 1 yr fwd premia is at 4.46%.

USDINR @ 71.77, EUR/USD 1.1010, GBP/USD @ 1.2416, USD/JPY @ 108.22, EUR/INR @ 79.01, GBP/INR @ 89.10, 

JPY/INR @ 66.25.

Gold@1497, WTI Crude @ 61.80, Nifty @ 10945 (-58), 10 Year G-SEC @ 6.71.