Major developments:

USD is now at 71.08. Rupee opened at 71.03. Expect 70.95-71.20 range for the day. 

BOE meet will be watched.

-USDINR is at 71.08. Y’day’s close was 70.97.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 6.75%.

-USDINR 1 yr fwd premia is at 4.25%.

USDINR @ 71.08, EUR/USD 1.1133, GBP/USD @ 1.31, USD/JPY @ 109.45, EUR/INR @ 79.13, GBP/INR @ 93.12, JPY/INR @ 64.95.

Gold@1476, WTI Crude @ 60.50, Nifty @ 12180(+16), 10 Year G-SEC @ 6.75.