Major developments:

Rupee is at 70.08. Fed meeting is the key event for the day. BOE and bank of Japan are likely to maintain status quo. Rupee gains as Oil declines further.

-USDINR is at 70.08. y’day’s close was 70.44.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.26%.

-USDINR 1 yr fwd premia is at 3.80%.

USDINR @ 70.08, EUR/USD 1.1384, GBP/USD @ 1.2658, USD/JPY @ 112.36, EUR/INR @ 79.78, GBP/INR @ 88.70, JPY/INR @ 62.37.

Gold@1250, WTI Crude @ 46.85, Nifty @ 10933 (+25), 10 Year G-SEC @ 7.26.