Major developments:

USD is now at 76.05. USDINR opened at 76.08. Expected range: 75.88-76.20. US Fed meeting  taking place today could double QE tapering to USD 30 bn per month as PPI registered a historical high of 9.6% y/y. USDINR has breached 76, due to return of excess IPO funds and year end repatriation.

-USDINR is at 76.05 .Prior day’s close was 75.89.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.35%.

-USDINR 1 yr fwd premia is at 4.55%.

USDINR @ 76.05, EUR/USD 1.1269, GBP/USD @ 1.3241, USD/JPY @ 113.73, EUR/INR @ 85.69, GBP/INR @ 100.70 JPY/INR @ 66.87

Gold@1770, WTI Crude @ 69.80, Nifty @ 17220(-103), 10 Year G-SEC @ 6.35%

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