Major developments:

USD is now at 73.54. Rupee opened at 73.41. Expect 73.25-73.60 range for the day.

Rupee is under pressure due to coronavirus hit in parts of India. US Equity indices surged y’day.

-USDINR is at 73.54. Y’day’s close was 73.22.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 6.23%.

-USDINR 1 yr fwd premia is at 3.95%.

USDINR @ 73.54, EUR/USD 1.1137, GBP/USD @ 1.2871, USD/JPY @ 107.31, EUR/INR @ 81.90, GBP/INR @ 94.65, JPY/INR @ 68.53.

Gold@1640, WTI Crude @ 47.43, Nifty @ 11263(+12), 10 Year G-SEC @ 6.23.