21/08/2018

Major developments:

Rupee is at 69.56.  Rupee recovers from last week low of 70.39. Euro’s recovery and Oil price fall helps Rupee to stabilise. US President criticizes Fed on rate hikes and reiterates that China and EU are manipulating Currency levels.

FOMC minutes is the focus event of the week.

-INR is at 69.56. Y’day’s close was 69.82. 

-Indian Equity indices gain.

-Indian 10 year G-SEC yield is at 7.82%. 

-USDINR 1 yr fwd premia is at 4.26%. 

USDINR @ 69.56, EUR/USD 1.1530, GBP/USD @ 1.2830, USD/JPY @ 110.07, EUR/INR @ 80.20, GBP/INR @ 89.25, JPY/INR @ 63.19.

Gold@1194, WTI Crude @ 65.50, Nifty @ 11561 (+10), 10 Year G-SEC @ 7.82.