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USD/INR bounces back to morning levels on demand for dollar; FOMC eyed | Fed likely to be first major central bank to begin tightening with the first rate hike slated for 2014 or early 2015. | Japan FM backs BOJ's decision not to tinker with its aggressive monetary policy. | Kuroda: BOJ will shift monetary policy if economic conditions change sharply in the future. | Japan April IIP output rose by 0.9%(MoM). | PM Eco Advisor: External situations will affect RBI July policy | RBI: Only durable receding of inflation will open up space for easing. | Growth, Inflation and BOP to determine policy stance going forward. | India to sell $7.15 billion in debt quotas to foreign investors tomorrow. | Weak Rupee to have some impact on Prices. | Continued fiscal consumption may help narrow down twin deficits. | May trade deficit widens on high gold imports. | Draghi: ECB measures may have unintended consequences. | RBI leaves CRR, Repo rate unchanged at 4% and 7.25% respectively | Uncertainty over Fed's future policy course has triggered a sharp sell off; Fed's meet is seen offering some clarity. | Trade deficit at seven month high as gold imports surge.