Major developments:

USD is now at 73.76. USDINR opened at 73.70. Expect 73.55-73.78 range for the day.

-USDINR is at 73.76. Prior day’s close was 73.71.

-Indian Equity indices decline after strong opening.

-Indian 10 year G-SEC yield is at 5.85%.

-USDINR 1 yr fwd premia is at 4.07%.

USDINR @ 73.76, EUR/USD 1.1776, GBP/USD @ 1.3043, USD/JPY @ 104.25, EUR/INR @ 86.86, GBP/INR @ 96.20, JPY/INR @ 70.75.

Gold@1910, WTI Crude @ 38.75, Nifty @ 11825(-65), 10 Year G-SEC @ 5.84%.

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