07/01/2019

Major developments:

Rupee is at 69.40. Rupee gained, as Fed Chairman indicated a more flexible and patient approach to rate hikes. Global Equities rallied on his comments. US employment data was also strong and allayed fears of slow down.

-USDINR is at 69.39. Friday’s close was 69.73.

-Indian Equity indices climb higher.

-Indian 10 year G-SEC yield is at 7.45%.

-USDINR 1 yr fwd premia is at 4.03%.

USDINR @ 69.39, EUR/USD 1.1421, GBP/USD @ 1.2746, USD/JPY @ 108.20, EUR/INR @ 79.25, GBP/INR @ 88.44, JPY/INR @ 64.13.

Gold@1292, WTI Crude @ 48.75, Nifty @ 10820 (+92), 10 Year G-SEC @ 7.45.