Major developments:

USD is now at 70.75. Rupee opened at 70.53. Expect 70.50-70.85 range for the day.

US President has signed on phase 1 deal with China, triggering rally in Equity markets. UK

PM has won comfortable majority for pushing Brexit deal. ECB maintained status quo on

rates and sounded optimistic on growth. Indian inflation spiked higher due to food inflation

hitting 6 year high. Indian G-SEC yields harden and fwd premia climb higher. 1 Yr fwd premia

climbs to 4.25%.

-USDINR is at 70.75. y’day’s close was 70.84.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.81%.

-USDINR 1 yr fwd premia is at 4.25%.

USDINR @ 70.75, EUR/USD 1.1172, GBP/USD @ 1.3475, USD/JPY @ 109.56, EUR/INR @ 79.04, GBP/INR @ 95.33,

JPY/INR @ 64.57.

Gold@1467, WTI Crude @ 59.45, Nifty @ 12047(+75), 10 Year G-SEC @ 6.81.