Major developments:

USD is now at 75.57. USDINR opened at 75.54. Expected range: 75.40-75.75. Equity markets are in recovery mode. US durables data, Core PCE index and personal spending are the focus events for the week.

RBI REF RATES:

-USDINR is at 75.57 .Prior day’s close was 75.60.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.47%.

-USDINR 1 yr fwd premia is at 4.60%.

USDINR @ 75.57, EUR/USD 1.1273, GBP/USD @ 1.3251, USD/JPY @ 114.13, EUR/INR @ 85.19, GBP/INR @ 100.13 JPY/INR @ 66.21

Gold@1787, WTI Crude @ 71.22, Nifty @ 16838(+67), 10 Year G-SEC @ 6.47%.

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