24/05/2019

Major developments:

Rupee gained to 69.70 from prior close of 70.01. However, RBI again bought USD today to stem Rupee gains. Crude Oil decline is a positive factor for Rupee. WT I Crude declined to USD 58.50 from USD 61+. However, pressure on Yuan weighs down on Rupee. Focus now turns to RBI policy, scheduled in first week of June.

-USDINR is at 69.74. Y’day’s close was 70.01.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 7.21%.

-USDINR 1 yr fwd premia is at 4.18%.

USDINR @ 69.74, EUR/USD 1.1181, GBP/USD @ 1.2661, USD/JPY @ 109.61, EUR/INR @ 77.97, GBP/INR @ 88.30, JPY/INR @ 63.62.

Gold@1283, WTI Crude @ 58.70, Nifty @ 11702 (+45), 10 Year G-SEC @ 7.21.