Major developments:

USD is now at 71.71. Rupee opened at 71.80. Expect 71.70-72 range for the day.

RBI meeting is the focus event for this week. RBI is expected to cut rates by 25 bps due to 6

Year low in GDP. Global Equities declined as US President dashed hopes of trade deal.

-USDINR is at 71.71. Y’day’s close was 71.69.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 6.45%.

-USDINR 1 yrfwdpremia is at 3.76%.

USDINR @ 71.71, EUR/USD 1.1075, GBP/USD @ 1.2994, USD/JPY @ 108.58, EUR/INR @ 79.42, GBP/INR @ 93.18, JPY/INR @ 66.04.

Gold@1478, WTI Crude @ 56.60, Nifty @ 12008(+14), 10 Year G-SEC @ 6.45.