06/09/2018

Major developments:

Rupee is at 71.84.  FM says that Rupee fall is due to global factors and Rupee is neither strong nor weak. His statement implies that Rupee is getting closer to its valuation levels. Expect Rupee to stabilise after hitting 72.50-73.50 zone. Indian Equities recover after last 3 days of correction.

-INR is at 71.84. y’day’s close was 71.75. 

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 8.04%. 

-USDINR 1 yr fwd premia is at 4.25%. 

USDINR @ 71.84, EUR/USD 1.1632, GBP/USD @ 1.2911, USD/JPY @ 111.35, EUR/INR @ 83.56, GBP/INR @ 92.75, JPY/INR @ 64.50.

Gold@1197, WTI Crude @ 68.50, Nifty @ 11509 (+32), 10 Year G-SEC @ 8.04.