Major developments:

USD is now at 70.98. Rupee opened at 70.88 . Expect 70.88-71.05 range for the day. 

Focus is on Fed rate decision, to be announced later tonight. Indian Equity indices continue to climb on reports of change in Dividened distribution and capital gains tax.

-USDINR is at 70.98. Y’day’s close was 70.84.

-Indian Equity indices climbe higher.

-Indian 10 year G-SEC yield is at 6.49%.

-USDINR 1 yr fwd premia is at 3.99%.

USDINR @ 70.98, EUR/USD 1.1109, GBP/USD @ 1.2864, USD/JPY @ 108.84, EUR/INR @ 78.85, GBP/INR @ 91.30, JPY/INR @ 65.20.

Gold@1488, WTI Crude @ 55.33, Nifty @ 11842(+56), 10 Year G-SEC @ 6.49.