Major developments:

USD is now at 73.90. Rupee opened at 74.14. Expect 73.90-74.20 range for the day.

Indian Equity indices are up 2%.

-USDINR is at 73.90. Y’day’s close was 74.27.

-Indian Equity indices climb 1.7%.

-Indian 10 year G-SEC yield is at 6.21%.

-USDINR 1 yrfwdpremia is at 4%.

USDINR @ 73.90, EUR/USD 1.1174, GBP/USD @ 1.2253, USD/JPY @ 106.54, EUR/INR @ 82.57, GBP/INR @ 90.55, JPY/INR @ 69.35.

Gold@1502, WTI Crude @ 30.25, Nifty @ 9370(+174), 10 Year G-SEC @ 6.21.