02/07/2018

Major developments:

Rupee trades up to 68.34. Crude prices decline in Asian trade on reports that US President has asked Saudi to compensate supply due to Iran and Venezuelan sanctions. 

Indian June auto sales was impressive. Maruti reported 36.3% y/y,(-16% m/m) growth. Maruti sold 1.45 lac cars in June. M&M posted 26.4% y/y growth (45.2k sales), Tata Motors posted 50.6% growth in CV sales y/y (43.8k) and 21.7% growth in PV sales (12,300). Eicher reported 17.9% growth is sales (74,500).

-INR is at 68.44. Friday’s close was 68.46. 

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.88%. 

-USDINR 1 yr fwd premia is at 4.23%. 

USDINR @ 68.44, EUR/USD 1.1651, GBP/USD @ 1.3178, USD/JPY @ 110.80, EUR/INR @ 79.73, GBP/INR @ 90.20, JPY/INR @ 61.75.

Gold@1252, WTI Crude @ 73.25, Nifty @ 10647 (-67), 10 Year G-SEC @ 7.88.