Major developments:

USD is now at 71.45. Rupee opened at 71.41. Expect 71.40-71.60 range for the day.

Equities rally, Gold and Crude decline steeply as US President sounded conciliatory and avoided armed response.

-USDINR is at 71.45. y’day’s close was 71.70.

-Indian Equity indices climb.

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

-USDINR 1 yr fwd premia is at 4.15%.

USDINR @ 71.45, EUR/USD 1.1112, GBP/USD @ 1.3110, USD/JPY @ 109.26, EUR/INR @ 79.39, GBP/INR @ 93.67 , JPY/INR @ 65.40.

Gold@1545, WTI Crude @ 59.85, Nifty @ 12187(+161), 10 Year G-SEC @ 6.55.