Major developments:

USD is now at 75.11. Rupee opened at 75.16. Expect 75.05-75.25 range for the day.

Rupee is stronger aided by positive news on vaccine development. Russian university has cleared human trial and OXFORD Univ is in an advanced stage. Indian Company is expected to clear human trial by Aug 15 th. Reliance share price continues to climb as Qualcomm is the new investor in Jio.

-USDINR is at 75.11. Prior day’s close was 75.21.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 5.78%.

-USDINR 1 yr fwd premia is at 3.89%.

USDINR @ 75.11, EUR/USD 1.1324, GBP/USD @ 1.2654, USD/JPY @ 106.87, EUR/INR @ 85.05, GBP/INR @ 95.04 JPY/INR @ 70.20.

Gold@1808, WTI Crude @ 40.25, Nifty @ 10864(+98), 10 Year G-SEC @ 5.78.