28/08/2019

Major developments:

USD is now at 71.61. Rupee opened at 71.53 . Expect 71.48-71.75 range for the day. 

Focus in Indian GDP. Indian Q1 GDP for 2019-20 is to be released on 31/8. GDP growth could 

have declined to 5.8%. Govt is expected to unveil new set of measures this week.

-USDINR is at 71.61. Y’day’s close was 71.48.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 6.58%.

-USDINR 1 yr fwd premia is at 4.15%.

USDINR @ 71.61, EUR/USD 1.1086, GBP/USD @ 1.2279, USD/JPY @ 105.85, EUR/INR @ 79.38, GBP/INR @ 87.92, 

JPY/INR @ 67.65.

Gold@1535, WTI Crude @ 55.35, Nifty @ 11074 (-30), 10 Year G-SEC @ 6.58.