Major developments:

USD is now at 70.88. Rupee opened at 70.97 . Expect 70.80-71range for the day.

US personal income, spending are key data events for the day.

-USDINR is at 70.88. Y’day’s close was 70.88.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.73%.

-USDINR 1 yr fwd premia is at 4.33%.

USDINR @ 70.88, EUR/USD 1.0921, GBP/USD @ 1.2333, USD/JPY @ 107.75, EUR/INR @ 77.41, GBP/INR @ 87.41,

JPY/INR @ 65.75.

Gold@1505, WTI Crude @ 56.33, Nifty @ 11529 (-42), 10 Year G-SEC @ 6.73.