Major developments:

USD is now at 72.87. USDINR opened at 72.86. Rupee is expected to remain firm till 73.20 is not breached. Expect 72.75-73.05 range for the day.

RBI ref rates:

-USDINR is at 72.87. Prior day’s close was 72.83.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 5.98%.

-USDINR 1 yr fwd premia is at 5.28%.

USDINR @ 72.87, EUR/USD 1.2187, GBP/USD @ 1.4154, USD/JPY @ 108.78, EUR/INR @ 88.81, GBP/INR @ 103.14, JPY/INR @ 66.90.

Gold@1886, WTI Crude @ 63.95, Nifty @ 15229(+54), 10 Year G-SEC @ 5.98%.

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