Major developments:

USD is now at 74.58.USDINR opened at 74.42. Expected range: 74.40-74.65.

Fed meeting and US GDP are the focus events for this week.

Equity markets continue to remain under pressure.

-USDINR is at 74.58 .Prior day’s close was 74.43.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.63%.

-USDINR 1 yr fwd premia is at 4.72%.

USDINR @ 74.58, EUR/USD 1.1320, GBP/USD @ 1.3542, USD/JPY @ 113.80, EUR/INR @ 84.43, GBP/INR @ 101 JPY/INR @ 65.35

Gold@1838, WTI Crude @ 85.70, Nifty @ 17284(-333), 10 Year G-SEC @ 6.63%

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