Major developments:

USD is now at 71.05. Rupee opened at 71.14. Expect 70.85-71.15 range for the day. 

Pound weakened and Crude rallied. BOE kept rates on hold.

-USDINR is at 71.05. Y’day’s close was 71.04.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.61%.

-USDINR 1 yr fwd premia is at 4.20%.

USDINR @ 71.05, EUR/USD 1.1116, GBP/USD @ 1.3020, USD/JPY @ 109.31, EUR/INR @ 78.98, GBP/INR @ 92.51, JPY/INR @ 65.

Gold@1479, WTI Crude @ 61.19, Nifty @ 12260(+1), 10 Year G-SEC @ 6.61.