Major developments :
USD is now at 74.79. USDINR opened at 74.82. Expected range: 74.75-74.95. Rupee has climbed in the last few sessions due to strong FPI/FDI related inflows.
RBI REF RATES:
-USDINR is at 74.79 .Prior day’s close was 74.86.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.35%.
-USDINR 1 yr fwd premia is at 4.53%.