Major developments:

USD is now at 71.45. Rupee opened at 71.39. Expect 71.35-71.50 range for the day.

Fed maintained status quo on rates. Crude declined on increase in inventories.

-USDINR is at 71.45. Y’day’s close was 71.25.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.56%.

-USDINR 1 yr fwd premia is at 4.20%.

USDINR @ 71.45, EUR/USD 1.1014, GBP/USD @ 1.3012, USD/JPY @ 108.86, EUR/INR @ 78.70, GBP/INR @ 92.97, JPY/INR @ 65.63.

Gold@1579, WTI Crude @ 52.80, Nifty @ 12065(-65), 10 Year G-SEC @ 6.56.