Major developments:

Rupee is at 71.39. Election results of 5 states and Crude production weigh on Equity markets and Rupee.

-USDINR is at 71.38. Friday’s close was 70.80.

-Indian Equity indices declined 1.92%

-Indian 10 year G-SEC yield is at 7.53%.

-USDINR 1 yr fwd premia is at 4%.

USDINR @ 71.39, EUR/USD 1.1407, GBP/USD @ 1.2718, USD/JPY @ 112.71, EUR/INR @ 81.42, GBP/INR @ 90.79, JPY/INR @ 63.33.

Gold@1246, WTI Crude @ 52, Nifty @ 10478 (-215), 10 Year G-SEC @ 7.53.