Major developments:

USD is now at 72.85. USDINR opened at 72.86. Expect 72.80-72.95 range for the day. USDINR is range bound as RBI continues to mop up USD. 10 year yield has softened to 6.02%. Fwd premia has spurted higher with 1 year fwds spiking to 5.15%.

-USDINR is at 72.85. Prior day’s close was 72.89.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.02%.

-USDINR 1 yr fwd premia is at 5.12%.

USDINR @ 72.85, EUR/USD 1.2125, GBP/USD @ 1.3820, USD/JPY @ 104.59, EUR/INR @ 88.31, GBP/INR @ 100.67, JPY/INR @ 69.65.

Gold@1842, WTI Crude @ 58.35, Nifty @ 15098(-10), 10 Year G-SEC @ 6.02%.

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