Major developments:

USD is now at 75.57. Rupee opened at 75.53. Expect 75.25-75.80 range for the day.

Indian Equity indices are trading mildly higher. 1 Yr USDINR fwd premia crashes to 3.75%

-USDINR is at 75.57. Y’day’s close was 75.59.

-Indian Equity indices climb 2.2%.

-Indian 10 year G-SEC yield is at 6.12%.

-USDINR 1 yr fwd premia is at 3.75%.

USDINR @ 75.57, EUR/USD 1.1014, GBP/USD @ 1.2337, USD/JPY @ 108.31, EUR/INR @ 83.25, GBP/INR @ 93.25, JPY/INR @ 69.78.

Gold@1614, WTI Crude @ 23, Nifty @ 8480(+199), 10 Year G-SEC @ 6.12.