Major developments:

USD is now at 71.31. Rupee opened at 71.25 . Expect 71.25-71.55 range for the day. 

Indian CPI climbed to 3.99% due to food inflation.

-USDINR is at 71.31. Y’day’s close was 71.23.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 6.50%.

-USDINR 1 yr fwd premia is at 4.06%.

USDINR @ 71.31, EUR/USD 1.1028, GBP/USD @ 1.2630, USD/JPY @ 108.33, EUR/INR @ 78.64, GBP/INR @ 90.06, 

JPY/INR @ 65.80.

Gold@1494, WTI Crude @ 53.35, Nifty @ 11386 (+45), 10 Year G-SEC @ 6.50.