09/07/2018

Major developments:

Rupee opened higher by 30 ps at 68.56. Import buying has pushed it back to 68.68. USD was weaker against Euro and Yuan as last month wage growth in US was softer than expected. Indian CPI and IIP are in focus this week. Markets will also focus on Q1 Corporate results.

-INR is at 68.68. Friday’s close was 68.87. 

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 7.87%. 

-USDINR 1 yr fwd premia is at 4.30%. 

USDINR @ 68.68, EUR/USD 1.1758, GBP/USD @ 1.3297, USD/JPY @ 110.45, EUR/INR @ 80.75, GBP/INR @ 91.32, JPY/INR @ 62.18.

Gold@1258, WTI Crude @ 74, Nifty @ 10814 (+42), 10 Year G-SEC @ 7.87.