Major developments:

USD is now at 74.42. USDINR opened at 74.51. Expect 74.40-74.65 range for the day.

RBI REF RATE:

-USDINR is at 74.42. Prior day’s close was 74.66.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.06%.

-USDINR 1 yr fwd premia is at 4.69%.

USDINR @ 74.42, EUR/USD 1.2062, GBP/USD @ 1.3873, USD/JPY @ 108.99, EUR/INR @ 89.77, GBP/INR @ 103.25, JPY/INR @ 68.28.

Gold@1768, WTI Crude @ 63.22, Nifty @ 14800(+146), 10 Year G-SEC @ 6.06%.

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