Major developments:

USD is now at 71.08. Rupee opened at 71.07. Expect 70.95-71.20 range for the day.

ECB meeting and manufacturing data from EU and UK will be the focus events of

this week. 

USD gained against majors on Friday.

-USDINR is at 71.08. Friday’s close was 71.08.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.64%.

-USDINR 1 yr fwd premia is at 4.23%.

USDINR @ 71.08, EUR/USD 1.1096, GBP/USD @ 1.3002, USD/JPY @ 110.19, EUR/INR @ 78.87, GBP/INR @ 92.41 , JPY/INR @ 64.50.

Gold@1559, WTI Crude @ 59.23, Nifty @ 12285(-69), 10 Year G-SEC @ 6.64.V