Major developments:
USD is now at 71.24. Rupee opened at 71.20. Expect 71.15-71.35 range for the day.
Indian PMI(SERVICES) jumped to 7 year high of 55.5. New order component jumped. Input prices have also surged.

-USDINR is at 71.24. Y’day’s close was 71.27.
-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.51%.
-USDINR 1 yr fwd premia is at 4.16%.
USDINR @ 71.24, EUR/USD 1.1036, GBP/USD @ 1.3016, USD/JPY @ 109.44, EUR/INR @ 78.62, GBP/INR @ 92.73, JPY/INR @ 65.10.
Gold@1559, WTI Crude @ 50.17, Nifty @ 12012(+32), 10 Year G-SEC @ 6.51.