Major developments:

USD is now at 71.41. Rupee opened at 71.49. Expect 71.35-71.50 range for the day.

Fed meeting and Union budget are the focus events for this week.

-USDINR is at 71.41. Friday’s close was 71.33.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.57%.

-USDINR 1 yr fwd premia is at 4.24%.

USDINR @ 71.41, EUR/USD 1.1030, GBP/USD @ 1.3060, USD/JPY @ 109.03, EUR/INR @ 78.76, GBP/INR @ 93.26

JPY/INR @ 65.50.

Gold@1580, WTI Crude @ 52.90, Nifty @ 12194(-54), 10 Year G-SEC @ 6.57.