Major developments:

USD is now at 73.93. Rupee opened at 73.81. Expect 73.65-74.05 range for the day.

Global markets stabilised , expecting stimulus measures from US. Crude has also

recovered, hoping that Saudi and Russia will enter into negotiations.

-USDINR is at 73.93. Monday’s close was 74.08.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.13%.

-USDINR 1 yr fwd premia is at 3.98%.

USDINR @ 73.93, EUR/USD 1.1342, GBP/USD @ 1.2932, USD/JPY @ 104.29, EUR/INR @ 83.85, GBP/INR @ 95.60, JPY/INR @ 70.88.

Gold@1662, WTI Crude @ 34.95, Nifty @ 10410(-41), 10 Year G-SEC @ 6.13.