Major developments:

USD is now at 73.14. USDINR opened at 73.26. Expect 73.02-73.26 range for the day. Equity indices climb higher after recent correction. Euro recovers against USD.

-USDINR is at 73.14. Prior day’s close was 73.37.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 6.22%.

-USDINR 1 yr fwd premia is at 4.91%.

USDINR @ 73.14, EUR/USD 1.2088, GBP/USD @ 1.3956, USD/JPY @ 106.88, EUR/INR @ 88.38, GBP/INR @ 102.03, JPY/INR @ 68.40.

Gold@1733, WTI Crude @ 59.95, Nifty @ 15082(+163), 10 Year G-SEC @ 6.22%.

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