05/08/2019

Major developments:

USD is now at 70.40. Rupee has declined 82 ps today. Equity markets are down 1.67%.

Tensions in Kashmir and Yuan decline owing to US decision to impose additional tariff have all weighed down on Rupee. Some over valuation of Rupee may also be corrected due to this weakness.

-USDINR is at 70.42. Friday’s close was 69.59.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 6.40%.

-USDINR 1 yr fwd premia is at 4.30%.

USDINR @ 70.40, EUR/USD 1.1125, GBP/USD @ 1.2152, USD/JPY @ 106.02, EUR/INR @ 78.34, GBP/INR @ 85.57, JPY/INR @ 66.42.

Gold@1452, WTI Crude @ 55, Nifty @ 10815 (-181), 10 Year G-SEC @ 6.40