Major developments:

USD is now at 71.78. Rupee opened at 71.72. Expect 71.65-71.90 range for the day.

Global markets recovered today. Gold and Crude prices have pulled back.

-USDINR is at 71.78. y’day’s close was 71.93.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.55%.

-USDINR 1 yr fwd premia is at 4.23%.

USDINR @ 71.78, EUR/USD 1.1187, GBP/USD @ 1.3156, USD/JPY @ 108.40, EUR/INR @ 80.30, GBP/INR @ 94.43

JPY/INR @ 66.21.

Gold@1568, WTI Crude @ 62.75, Nifty @ 12067(+75), 10 Year G-SEC @ 6.55.