Major developments:

USD is now at 75.54. USDINR opened at 75.54. Expect 75.35- 75.65 range for the day. Indian IIP grew only by 0.4% y/y in Dec due to high base effect. Mfrg declined -0.1%, Mining grew by 2.6%, Power generation climbed 2.9%. Capital Goods production declined -4.6% and Consumer durables production declined by -2.7%.

FOMC minutes and US retail sales are key events for the week.

-USDINR is at 75.54 .Prior day’s close was 75.37.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.71%.

-USDINR 1 yr fwd premia is at 3.88%.

USDINR @ 75.54, EUR/USD 1.1345, GBP/USD @ 1.3542, USD/JPY @ 115.52, EUR/INR @ 85.71, GBP/INR @ 102.30

JPY/INR @ 65.31

Gold@1854, WTI Crude @ 94.60, Nifty @ 17075(-300), 10 Year G-SEC @ 6.72%

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