Major developments:

 USD is now at 74.37. USDINR opened at 74.35. Expected range: 74.27-74.50. Fall in Crude has helped yields to decline. Euro is pressured due to covid and dovish comments by ECB Chief. 

FOMC and ECB minutes are the key events for this week. Crude oil decline is attributed to reports of coordinated release of Oil from reserves by US and Japan.

-USDINR is at 74.37 .Prior day’s close was 74.25.

-Indian Equity indices decline.

 -Indian 10 year G-SEC yield is at 6.33%.

-USDINR 1 yr fwd premia is at 4.73%.

USDINR @ 74.37, EUR/USD 1.1272, GBP/USD @ 1.3443, USD/JPY @ 114.14, EUR/INR @ 83.84, GBP/INR @ 99.97, JPY/INR @ 65.20.

Gold@1849, WTI Crude @ 75.90, Nifty @ 17567(-197), 10 Year G-SEC @ 6.33%

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