Major developments:

USD is now at 73.53. USDINR opened at 73.54. Expect 73.38-73.60 range for the day.

-USDINR is at 73.53. Prior day’s close was 73.59.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 5.96%.

-USDINR 1 yr fwd premia is at 4.30%.

USDINR @ 73.53, EUR/USD 1.2243, GBP/USD @ 1.3529, USD/JPY @ 103.44, EUR/INR @ 90.01, GBP/INR @ 99.46, JPY/INR @ 71.08.

Gold@1889, WTI Crude @ 48.25, Nifty @ 13697(-43), 10 Year G-SEC @ 5.96%.

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