25/03/2019
Major developments:
Rupee is swinging between 68.50 and 69.20 in the last few sessions. FII’S invested Rs 1350 Cr in Equity and 1781 Cr in
debt market on 22/03.
-US 3-10 Year yield inversion sparks discussion on recession possibility in US.
-EU mfrg in deep contraction, suggesting GDP growth of under 1% in coming quarters.
-Brexit uncertainity extends.
-USDINR is at 69.05. Friday’s close was 68.96. Expect 68.85-69.20 range for the day.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.31%.
-USDINR 1 yr fwd premia is at 3.55%.
USDINR @ 69.05, EUR/USD 1.1297, GBP/USD @ 1.3190, USD/JPY @ 109.97, EUR/INR @ 78, GBP/INR @ 91.07, JPY/INR @ 62.78.
Gold@1321, WTI Crude @ 58.60, Nifty @ 11361 (-96), 10 Year G-SEC @ 7.31.
