Major developments:

USD is now at 72.74. USDINR opened at 72.81. Expect 72.60-72.84 range for the day.

USD INR broke through the 72.75 support level.
USDINR Fwd premia have spurted higher with 1 year fwds spiking to 5.18%.

-USDINR is at 72.74. The prior day’s close was 72.86.

-Indian Equity indices climb.

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

-USDINR 1 yr fwd premia is at 5.18%.

USDINR @ 72.74, EUR/USD 1.2127, GBP/USD @ 1.3849, USD/JPY @ 104.59, EUR/INR @ 88.21, GBP/INR @ 100.73 JPY/INR @ 69.54.

Gold@1837, WTI Crude @ 58.35, Nifty @ 15143(+37), 10 Year G-SEC @ 6.02%.

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