Major developments:

USD is now at 70.83. Rupee opened at 70.75. Expect 70.75-71.10 range for the day. 

Indian Trade deficit in Nov was reported at USD 12.1 bn vs USD 11 bn in Oct. Exports 

contracted 0.3% in Nov, while imports declined 12.7%. Trade deficit for Apr-Nov

stands at  USD 106.8 bn vs USD 133.7 bn during the same period last year.

No significant data release for the week. BOE meet will be watched.

-USDINR is at 70.83. Friday’s close was 70.84.

-Indian Equity indices is flat.

-Indian 10 year G-SEC yield is at 6.78%.

-USDINR 1 yr fwd premia is at 4.25%.

USDINR @ 70.83, EUR/USD 1.1130, GBP/USD @ 1.3387, USD/JPY @ 109.38, EUR/INR @ 78.83, GBP/INR @ 94.82, JPY/INR @ 64.75.

Gold@1475, WTI Crude @ 59.85, Nifty @ 12089(+3), 10 Year G-SEC @ 6.78.