07/02/2019

Major developments:

Rupee is at 71.64. Equity indices climb. 

-RBI policy is expected shortly.

-German factory orders declined, indicating recessionary trends in Germany.

-US Treasury secy is meeting Chinese counterparts later this week in China to address    trade issues before March 2 nd deadline.

-Indian indices climb higher, powered by frontline stocks.

-USDINR is at 71.76. y’day’s close was 71.56.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.37%.

-USDINR 1 yr fwd premia is at 4.01%.

USDINR @ 71.64, EUR/USD 1.1361, GBP/USD @ 1.2932, USD/JPY @ 109.91, EUR/INR @ 81.39, GBP/INR @ 92.64, JPY/INR @ 65.18.

Gold@1303, WTI Crude @ 54.10, Nifty @ 11095 (+32), 10 Year G-SEC @ 7.37.