Major developments:

USD is now at 74.07. Rupee opened at 73.96. Expect 73.95-74.40 range for the day.

Indian Equity indices are down. US administration is considering USD 1 trn stimulus

package.

-USDINR is at 74.07. Y’day’s close was 74.24.

-Indian Equity indices decline 1.32%.

-Indian 10 year G-SEC yield is at 6.28%.

-USDINR 1 yrfwdpremia is at 4%.

USDINR @ 74.07, EUR/USD 1.1034, GBP/USD @ 1.2116, USD/JPY @ 107.20, EUR/INR @ 81.72, GBP/INR @ 89.74, JPY/INR @ 69.10.

Gold@1529, WTI Crude @ 27.40, Nifty @ 8864(-104), 10 Year G-SEC @ 6.28.