Major developments:

USD is now at 74.42. Rupee opened at 74.48. Expect 74.30-74.90 range for the day.

Indian Equity indices are trading flat. FWD premia softens.

-USDINR is at 74.42. y’day’s close was 75.15.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.09%.

-USDINR 1 yr fwd premia is at 4.40%.

USDINR @ 74.42, EUR/USD 1.1059, GBP/USD @ 1.2255, USD/JPY @ 108.48, EUR/INR @ 82.30, GBP/INR @ 91.20, JPY/INR @ 68.60

Gold@1626, WTI Crude @ 24.18, Nifty @ 8569(-72), 10 Year G-SEC @ 6.09.