Major developments:

USD is now at 72.08. Rupee opened at 72.06 . Expect 72.02-72.24 range for the day. 

CPI inched higher. Lower industrial production and higher CPI are weighing down on Rupee.

-USDINR is at 72.08. Y’day’s close was 72.08.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 6.52%.

-USDINR 1 yr fwd premia is at 3.9%.

USDINR @ 72.08, EUR/USD 1.0996, GBP/USD @ 1.2836, USD/JPY @ 108.73, EUR/INR @ 79.25, GBP/INR @ 92.52, 

JPY/INR @ 66.30.

Gold@1464, WTI Crude @ 57.62, Nifty @ 11858(+18), 10 Year G-SEC @ 6.52.