Major developments:

USD is now at 71.36. Rupee opened at 71.33 . Expect 71.25-71.45 range for the day. 

US market is closed today. Indian FX market is closed tomorrow. Focus will be on 1) US-China trade progress, 2) Fed Chairman’s testimony in US Congress, 

3) German GDP data, 4) US CPI, retail sales and 5) Indian IIP and CPI. IIP is expected to decline further and Inflation may inch marginally higher.

-USDINR is at 71.36. Friday’s close was 71.28.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.56%.

-USDINR 1 yr fwd premia is at 3.9%.

USDINR @ 71.36, EUR/USD 1.1025, GBP/USD @ 1.2794, USD/JPY @ 109.06, EUR/INR @ 78.67, GBP/INR @ 91.29, 

JPY/INR @ 65.43.

Gold@1462, WTI Crude @ 56.84, Nifty @ 11888(-20), 10 Year G-SEC @ 6.56.