27/08/2018

Major developments:

Rupee is at 69.80. Equity markets climb steeply. Rupee gains , tracking Yuan’s gain as Pboc modifies its daily rate fixing methodology. Fed Chairman reiterated need for rate hike despite criticism by US President.

-INR is at 69.80. Friday’s close was 69.90. 

-Indian Equity indices climb steeply.

-Indian 10 year G-SEC yield is at 7.87%. 

-USDINR 1 yr fwd premia is at 4.40%. 

USDINR @ 69.80, EUR/USD 1.1624, GBP/USD @ 1.2855, USD/JPY @ 111.06, EUR/INR @ 81.14, GBP/INR @ 89.72, JPY/INR @ 62.85.

Gold@1206, WTI Crude @ 68.63, Nifty @ 11656 (+99), 10 Year G-SEC @ 7.87.