Major developments:

USD is now at 71.35. Rupee opened at 71.25. Expect 71.25-71.50 range for the day.

Indian CPI, IIP data, US CPI, retail sales and EU GDP data are the key data releases for this week.

-USDINR is at 71.35. Friday’s close was 71.40.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.44%.

-USDINR 1 yr fwd premia is at 3.92%.

USDINR @ 71.35, EUR/USD 1.0957, GBP/USD @ 1.2905, USD/JPY @ 109.75, EUR/INR @ 78.17, GBP/INR @ 92.07,JPY/INR @ 65.01

Gold@1572, WTI Crude @ 50.40, Nifty @ 12000(-98), 10 Year G-SEC @ 6.44.