Published at 04:09 (GMT) 27 Jan
ET: US President Barack Obama on Monday announced $4 billion of new initiatives aimed at boosting trade and investment ties as well as jobs in India, and opened up a whole new source of financing for social development ventures in the country through a new Indian Diaspora Investment Initiative. Also, President Obama and his Indian counterpart broke through a five-year impasse on Sunday to pave the way for American companies to build nuclear power plants here as the two countries sought to transform a fraught geopolitical relationship into a fresh partnership for a new era of cooperation.
On FX, USD/INR onshore markets return from the long weekend. Pair trading between 61.400 - 61.600 lvls today; we don't expect to see any major swing in prices ahead of the FOMC decision. 10Y yields trading just above 7.700%. SENSEX opened at 29451.65, up 172.81 points from last close.
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