01/09/2020

Major developments:

USD is now at 73.14. USDINR opened at 73.22. Expect 73.05-73.40 range for the day. Indian Q1 GDP contracted by -23.9%. RBI has brought down 10 year yield to 5.95% through operation twist. RBI has indicated that it may allow Rupee strength to counter imported inflation.

-USDINR is at 73.14. Prior day’s close was 73.62.

-Indian Equity indices climb, but very volatile.

-Indian 10 year G-SEC yield is at 5.95%.

-USDINR 1 yr fwd premia is at 4.10%.

USDINR @ 73.14, EUR/USD 1.1991, GBP/USD @ 1.3409, USD/JPY @ 105.77, EUR/INR @ 87.70, GBP/INR @ 98.07, JPY/INR @ 69.15.

Gold@1991, WTI Crude @ 43.02, Nifty @ 11435(+48), 10 Year G-SEC @ 5.95.

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