Major developments:

USD is now at 71.27. Rupee opened at 71.32. Expect 71.20-71.35 range for the day.

Euro is down after ECB’S meeting y’day.

-USDINR is at 71.28. Y’day’s close was 71.28.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.60%.

-USDINR 1 yr fwd premia is at 4.14%.

USDINR @ 71.28, EUR/USD 1.1048, GBP/USD @ 1.3121, USD/JPY @ 109.52, EUR/INR @ 78.75, GBP/INR @ 93.52 JPY/INR @ 65.08.

Gold@1561, WTI Crude @ 55.77, Nifty @ 12229(+49), 10 Year G-SEC @ 6.60.