Major developments:

USD is now at 75.96. Rupee opened at 74.70. Expect 75.70-76.20 range for the day. 

Indian Equity indices are down 10%. FWD premia spikes high.

-USDINR is at 75.96. Friday’s close was 75.19.

-Indian Equity indices decline over 10%.

-Indian 10 year G-SEC yield is at 6.31%.

-USDINR 1 yr fwd premia is at 4.84%.

USDINR @ 75.96, EUR/USD 1.0730, GBP/USD @ 1.1695, USD/JPY @ 110.18, EUR/INR @ 81.50, GBP/INR @ 88.83

JPY/INR @ 68.94.

Gold@1487, WTI Crude @ 23.10, Nifty @ 7810(-934), 10 Year G-SEC @ 6.31.