Major developments:

USD is now at 75.33. Rupee opened at 75.88. Expect 75.20-75.90 range for the day.

Indian Equity indices are trading higher. FWD premia remains high.

-USDINR is at 75.33. y’day’s close was 76.10.

-Indian Equity indices climb.

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

-USDINR 1 yr fwd premia is at 4.40%.

USDINR @ 75.33, EUR/USD 1.0910, GBP/USD @ 1.1848, USD/JPY @ 110.57, EUR/INR @ 82.18, GBP/INR @ 89.25, JPY/INR @ 68.12

Gold@1600, WTI Crude @ 25.10, Nifty @ 8575(+257), 10 Year G-SEC @ 6.28.