Major developments:

USD is now at 74.54. USDINR opened at 74.45. Expected range: 74.40-74.65.

Fed Chairman shrugged off inflation worries and said that Fed is still a long way off in ending QE.

RBI ref rates:

-USDINR is at 74.54. Prior day’s close was 74.58.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 6.11%.

-USDINR 1 yr fwd premia is at 4.45%.

USDINR @ 74.54, EUR/USD 1.1834, GBP/USD @ 1.3836, USD/JPY @ 109.87, EUR/INR @ 88.21, GBP/INR @ 103.12, JPY/INR @ 67.85.

Gold@1828, WTI Crude @ 72.55, Nifty @ 15890(+37), 10 Year G-SEC @ 6.11%.

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