02/12/2019

Major developments:

USD is now at 71.73. Rupee opened at 71.78. Expect 71.60-71.78 range for the day. 

RBI meeting is the focus event for this week. RBI is expected to cut rates by 25 bps due to 6 

Year low in GDP. GDP hit 4.5% for Q 2 due to weakness in manufacturing. Investment fell 

sharply, Govt spending climbed. GST collections crossed 1.03 lac cr for Nov.

-USDINR is at 71.73. Friday’s close was 71.73.

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 6.48%.

-USDINR 1 yr fwd premia is at 3.83%.

USDINR @ 71.73, EUR/USD 1.1018, GBP/USD @ 1.2917, USD/JPY @ 109.63, EUR/INR @ 79.03, GBP/INR @ 92.65, JPY/INR @ 65.42.

Gold@1459, WTI Crude @ 56.15, Nifty @ 12066(+10), 10 Year G-SEC @ 6.48.