Major developments:

USD is now at 70.85. Rupee opened at 70.97 . Expect 70.85-71.05 range for the day.

ADB lowered Indian GDP growth to 6.5% for 2019.

-USDINR is at 70.85. Y’day’s close was 71.03.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.72%.

-USDINR 1 yr fwd premia is at 4.30%.

USDINR @ 70.84, EUR/USD 1.0955, GBP/USD @ 1.2362, USD/JPY @ 107.68, EUR/INR @ 77.60, GBP/INR @ 87.57,

JPY/INR @ 64.65.

Gold@1508, WTI Crude @ 56.65, Nifty @ 11565 (+125), 10 Year G-SEC @ 6.72.