Major developments:

USD is now at 74.38. USDINR opened at 74.40. Expected range: 74.22-74.45.

RBI REF RATES:

-USDINR is at 74.38 .Prior day’s close was 74.43.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.60%.

-USDINR 1 yr fwd premia is at 4.72%.

USDINR @ 74.38, EUR/USD 1.1351, GBP/USD @ 1.3626, USD/JPY @ 114.46, EUR/INR @ 84.42, GBP/INR @ 101.33

JPY/INR @ 65

Gold@1839, WTI Crude @ 86, Nifty @ 17812(-126), 10 Year G-SEC @ 6.60%

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