01/07/2020
Major developments:
USD is now at 75.54. Rupee opened at 75.52. Expect 75.45-75.60 range for the day.

Indian Current account turned surplus in Q4 of 2019/20. CAD stood at 0.1% of GDP as against -0.7% during the same period in 2018-19. Q3 Current account deficit was reported at
2.6 bn USD (0.4% of GDP). For the full financial year 2019-29, CAD stood at
0.9% of GDP as against 2.1% in 2018-19. Trade deficit in Q4 was at USD 35 bn.
BOP surplus was at USD 18.8 bn. FX reserves increased by USD 59.5 bn to USD
507.6 bn.
Focus will be on 1) US Fed Minutes , ISM (mfrg) and employment data,
-USDINR is at 75.54. Prior day’s close was 75.51.
-Indian Equity indices climb 0.39%.

-Indian 10 year G-SEC yield is at 5.86%.
-USDINR 1 yr fwd premia is at 3.82%.
USDINR @ 75.54, EUR/USD 1.1220, GBP/USD @ 1.2365, USD/JPY @ 107.66, EUR/INR @ 84.75, GBP/INR @ 93.41, JPY/INR @ 70.17.
Gold@1799, WTI Crude @ 39.80, Nifty @ 10342(+40), 10 Year G-SEC @ 5.86.

For all your investment needs feel free to reach Goodwill.

Give us Missed Call us on 90037 90027 . For Support : 044-40329999