Major developments:

USD is now at 72.75. USDINR opened at 72.84. Expect 72.62-72.85 range for the day. Cash spot discount has expanded to -14/19 ps today. Indian Equity indices are up. USD gained further against Euro.

-USDINR is at 72.75. Prior day’s close was 72.52.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.14%.

-USDINR 1 yr fwd premia is at 5.04%.

USDINR @ 72.75, EUR/USD 1.1764, GBP/USD @ 1.3780, USD/JPY @ 109.95, EUR/INR @ 85.33, GBP/INR @ 100.30, JPY/INR @ 66.20.

Gold@1707, WTI Crude @ 61.52, Nifty @ 14759(+252), 10 Year G-SEC @ 6.14%.

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