Major developments:

USD is now at 71.05. Rupee opened at 71. Expect 70.85-71.10 range for the day.

BOE meet will be watched.

-USDINR is at 71.05. Y’day’s close was 70.96.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 6.72%.

-USDINR 1 yr fwd premia is at 4.30%.

USDINR @ 71.05, EUR/USD 1.1129, GBP/USD @ 1.3098, USD/JPY @ 109.56, EUR/INR @ 79.07, GBP/INR @ 93.06, JPY/INR @ 64.85.

Gold@1476, WTI Crude @ 60.90, Nifty @ 12250(+30), 10 Year G-SEC @ 6.72.