Major developments:

USD is now at 71.21. Rupee opened at 71.22. Expect 71.15-71.30 range for the day.

ECB meeting is the focus event for the day. Crude Oil declined steeply on increase in stock

piles. Indian benchmark indices are rallying after 3 day’s of fall.

-USDINR is at 71.21. Y’day’s close was 71.20.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.62%.

-USDINR 1 yrfwdpremia is at 4.14%.

USDINR @ 71.21, EUR/USD 1.1086, GBP/USD @ 1.3136, USD/JPY @ 109.54, EUR/INR @ 78.94, GBP/INR @ 93.54, JPY/INR @ 65.

Gold@1556, WTI Crude @ 55.77, Nifty @ 12156(+49), 10 Year G-SEC @ 6.62.