22/07/2019

Major developments:

USD is steady at 69.01. Fed meeting on July 30 th and ECB’S monetary direction are the focus events in coming weeks. US-Iran tension could build up again due to Iran’s action of seizing British Oil tankers. UK’S brexit issue , Oil prices and US-China trade issues and corporate results will dominate market developments.

-USDINR is at 69.01. Friday’s close was 68.90.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.44%.

-USDINR 1 yr fwd premia is at 4.40%.

USDINR @ 69.01, EUR/USD 1.1217, GBP/USD @ 1.2502, USD/JPY @ 107.98, EUR/INR @ 77.40, GBP/INR @ 86.27, JPY/INR @ 63.90.

Gold@1427, WTI Crude @ 56.35, Nifty @ 11345 (-75), 10 Year G-SEC @ 6.44