03/07/2018

Major developments:

Rupee trades up to 68.96. Rupee has declined 60 ps since y’day’s intra day level of 68.34. Volatility is the norm in USDINR pair now. USDINR fwds also jumped by 10 bps for 1 year. Crude rallied again y’day as Libya announced force majaure clause for its shipment from some key ports. OPEC agreement to increase supply is now getting balanced by fall in Iran, Libyan and Venezuelan Oil supplies. Chinese Yuan declined and Chinese stock indices also fell as tariff imposition is to take effect from July 6 th.

-INR is at 68.94. Y’day’s close was 68.79. 

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 7.89%. 

-USDINR 1 yr fwd premia is at 4.33%. 

USDINR @ 68.94, EUR/USD 1.1631, GBP/USD @ 1.3198, USD/JPY @ 110.85, EUR/INR @ 80.18, GBP/INR @ 90.98, JPY/INR @ 62.19.

Gold@1239, WTI Crude @ 74.55, Nifty @ 10673 (+17), 10 Year G-SEC @ 7.89.