Major developments:

USD is now at 71.20. Rupee opened at 71.23. Expect 71.18-71.33 range for the day.

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

-USDINR is at 71.20. Y’day’s close was 71.33.

-Indian Equity indices clim higher.

-Indian 10 year G-SEC yield is at 6.59%.

-USDINR 1 yrfwdpremia is at 4.20%.

USDINR @ 71.22, EUR/USD 1.1015, GBP/USD @ 1.3022, USD/JPY @ 109.14, EUR/INR @ 78.45, GBP/INR @ 92.74, JPY/INR @ 65.25.

Gold@1566, WTI Crude @ 54.10, Nifty @ 12148(+2), 10 Year G-SEC @ 6.59.