Major developments:

USD is now at 76.43. Rupee opened at 76.10. Expect 76.10-76.55 range for the day.

Indian Equity indices are trading higher. Govt is likley to announce 1 trn Rupee package for

MSME’S. Indian IIP is due for release today.

-USDINR is at 76.43. Y’day’s close was 76.34.

-Indian Equity indices climb 2.9%.

-Indian 10 year G-SEC yield is at 6.44%.

-USDINR 1 yr fwd premia is at 4.07%.

USDINR @ 76.43, EUR/USD 1.0864, GBP/USD @ 1.2385, USD/JPY @ 108.94, EUR/INR @ 83.03, GBP/INR @ 94.65, JPY/INR @ 70.15.

Gold@1683, WTI Crude @ 25.82, Nifty @ 9002(+253), 10 Year G-SEC @ 6.44.