06/08/2019

Major developments:

USD is now at 70.67. Chinese Yuan is trading around 7.04 against USD. US named China as a FX RATES AND USDINR FWDS >>> currency manipulator providing scope for US administration to increase tariffs beyond 25%. 

China said that it has stopped buying US agri products and added that it could stop exporting rare earth metals to US , which are used in hi-tech products.

-USDINR is at 70.67. Y’day’s close was 70.73.

-Indian Equity indices climb marginally.

-Indian 10 year G-SEC yield is at 6.36%.

-USDINR 1 yr fwd premia is at 4.20%.

USDINR @ 70.67, EUR/USD 1.1204, GBP/USD @ 1.2163, USD/JPY @ 106.68, EUR/INR @ 79.17, GBP/INR @ 85.95, JPY/INR @ 66.25.

Gold@1462, WTI Crude @ 55.15, Nifty @ 10903 (+40), 10 Year G-SEC @ 6.36