18/05/2020

Major developments:

USD is now at 75.94. Rupee opened at 75.86. Expect 75.65-76.15 range for the day.

Though FM announced structural reforms, market is disappointed at lack of demand side

stimulus measures. State Govt borrowing limit has been enhanced from 3% to 5%, subject to

reform measures.

-USDINR is at 75.94. Prior day’s close was 75.58.

-Indian Equity indices decline 3.01%.

-Indian 10 year G-SEC yield is at 6.06%.

-USDINR 1 yr fwd premia is at 3.95%.

USDINR @ 75.94, EUR/USD 1.0819, GBP/USD @ 1.2098, USD/JPY @ 107.17, EUR/INR @ 82.15, GBP/INR @ 91.87

JPY/INR @ 70.85.

Gold@1770, WTI Crude @ 30.70, Nifty @ 8861(-275), 10 Year G-SEC @ 6.06.