Major developments:

USD is now at 71.20. Rupee opened at 71.31. Expect 71.18-71.30 range for the day.

-USDINR is at 71.20. Y’day’s close was 71.31.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 6.52%.

-USDINR 1 yrfwdpremia is at 4.25%.

USDINR @ 71.20, EUR/USD 1.1119, GBP/USD @ 1.3011, USD/JPY @ 109.50, EUR/INR @ 79.17, GBP/INR @ 92.63, JPY/INR @ 65..02.

Gold@1508, WTI Crude @ 61.08, Nifty @ 12210(+83), 10 Year G-SEC @ 6.52.