Major developments:

USD is now at 76.80. Rupee opened at 76.74. Expect 76.55-76.85 range for the day.

Indian Equity indices are down on steep fall in Crude. May Crude Oil futures which expired

on 20/4 declined even below Zero due to lack of stotage space

-USDINR is at 76.80. Prior day’s close was 76.54.

-Indian Equity indices decline over 2.5%.

-Indian 10 year G-SEC yield is at 6.21%.

-USDINR 1 yr fwd premia is at 3.94%.

USDINR @ 76.80, EUR/USD 1.0829, GBP/USD @ 1.2398, USD/JPY @ 107.44, EUR/INR @ 83.15, GBP/INR @ 95.18

JPY/INR @ 71.46.

Gold@1703, WTI Crude @ 21.34, Nifty @ 9013(-248), 10 Year G-SEC @ 6.21.