Major developments:

USD is now at 71.29. Rupee opened at 71.27. Expect 71.20-71.38 range for the day.

-USDINR is at 71.29. y’day’s close was 71.31.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.55%.

-USDINR 1 yrfwdpremia is at 4.32%.

USDINR @ 71.29, EUR/USD 1.1202, GBP/USD @ 1.3114, USD/JPY @ 108.68, EUR/INR @ 79.86, GBP/INR @ 93.48,

JPY/INR @ 65.60.

Gold@1523, WTI Crude @ 61.65, Nifty @ 12210(-46), 10 Year G-SEC @ 6.55.