FX RATES AND USDINR FWDS

Major developments:

Indian Q4 GDP (2018-19) declined to 5.8% and last Year growth was down to 6.8%. Agri sector growth declined -0.1% 

and fixed investment declined along with marginal fall in private consumption. Nett exports also contributed to fall in 

GDP. RBI is expected to cut rates on June 6 th. Though markets expect 25 bps cut, RBI could even cut rates by 50 bps 

and inject further liquidity. 10 Year yield has declined to 6.96% and USDINR fwds premia has also declined to 3.89%.

-USDINR is at 69.45. Friday’s close was 69.69.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.96%.

-USDINR 1 yr fwd premia is at 3.89%.

USDINR @ 69.45, EUR/USD 1.1178, GBP/USD @ 1.2645, USD/JPY @ 108.14, EUR/INR @ 77.63, GBP/INR @ 87.81, 

JPY/INR @ 64.22.

Gold@1312, WTI Crude @ 53.34, Nifty @ 11982 (+59), 10 Year G-SEC @ 6.96.

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