27/08/2019

Major developments:

USD is now at 71.80. Rupee opened at 71.72 . Expect 71.65-72 range for the day. 

RBI is to transfer 1.7 lac Cr to GOI. Dividend of around 1.23 lac Cr and excess reserves of 

around Rs 52000 Cr is to be transferred to GOI. This is in line with Jalan committee 

recommendations. GOI will be relieved to receive this amount as it can maintain its

fiscal discipline. GOI is also likely to accelerate stake sales in PSU’S. Indian Q1 GDP for

2019-20 is to be released on 31/8. GDP growth could have declined to 5.8%.

-USDINR is at 71.80. Y’day’s close was 72.02.

-Indian Equity indices gain.

-Indian 10 year G-SEC yield is at 6.45%.

-USDINR 1 yr fwd premia is at 4.15%.

USDINR @ 71.80, EUR/USD 1.11, GBP/USD @ 1.2223, USD/JPY @ 105.72, EUR/INR @ 79.70, GBP/INR @ 87.76, 

JPY/INR @ 67.90.

Gold@1528, WTI Crude @ 53.85, Nifty @ 11114 (+58), 10 Year G-SEC @ 6.45.