Major developments:

USD is now at 73.04. USDINR opened at 73.02. Expect 72.85-73.15 range for the day.

Markets cheered budget announcements. 10 year Yield is now at 6.12%, due to increased Govt borrowing. Fwd premia is high at around 5% p.a. RBI meeting is on Friday.

-USDINR is at 73.04. Prior day’s close was 73.03.

-Indian Equity indices climb further.

-Indian 10 year G-SEC yield is at 6.12%.

-USDINR 1 yr fwd premia is at 4.90%.

USDINR @ 73.04, EUR/USD 1.2075, GBP/USD @ 1.3684, USD/JPY @ 104.98, EUR/INR @ 88.20, GBP/INR @ 99.95, JPY/INR @ 69.58.

Gold@1856, WTI Crude @ 54.12, Nifty @ 14562(2807), 10 Year G-SEC @ 6.12%.

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