Major developments:

USD is now at 73.64. USDINR opened at 73.71. Expect 73.50-73.75 range for the day.

Focus is on ECB meeting and US inflation data. Indian IIP and CPI data are other key events.

FWD premia has edged higher.

-USDINR is at 73.64. Prior day’s close was 73.60.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.05%.

-USDINR 1 yr fwd premia is at 4.25%.

USDINR @ 73.64, EUR/USD 1.1780, GBP/USD @ 1.2969, USD/JPY @ 105.91, EUR/INR @ 86.74, GBP/INR @ 95.50, JPY/INR @ 69.53.

Gold@1936, WTI Crude @ 36.53, Nifty @ 11230(-87), 10 Year G-SEC @ 6.05.

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