Major developments:

USD is now at 74.62 . USDINR opened at 74.61. Expect 74.50- 74.70 range for the day.

Indian Equities continue to slide down. RBI MPC meeting is taking place, US CPI data is another key event for the week.

-USDINR is at 74.62 .Prior day’s close was 74.69.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.82%.

-USDINR 1 yr fwd premia is at 4.45%.

USDINR @ 74.62, EUR/USD 1.1424, GBP/USD @ 1.3521, USD/JPY @ 115.45, EUR/INR @ 85.23, GBP/INR @ 100.89

JPY/INR @ 64.63.

Gold@1821, WTI Crude @ 91.25, Nifty @ 17107(-6), 10 Year G-SEC @ 6.82%

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