Major developments:

USD is now at 71.09. Rupee opened at 71.21 . Expect 70.90-71.35 range for the day.

Markets may remain on tenterhooks as US slapped 10% tariff on select European imports

and aircraft. RBI policy is the focus for this week.

-USDINR is at 71.02. Tuesday’s close was 70.98.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.61%.

-USDINR 1 yr fwd premia is at 4.29%.

USDINR @ 71.09, EUR/USD 1.0950, GBP/USD @ 1.2292, USD/JPY @ 107.25, EUR/INR @ 77.84, GBP/INR @ 87.38,

JPY/INR @ 66.28.

Gold@1498, WTI Crude @ 52.75, Nifty @ 11320 (-39), 10 Year G-SEC @ 6.61.