05/02/2021

Major developments:

RBI keeps repo rate unchanged at 4, with accomodative stance. Inflation is expected to be between 5- 5.2% in H2 2022. Growth rate is expected to be 10.5% for next fiscal. RBI has allowed retail to open Gilt account directly.

USD is now at 72.91. USDINR opened at 72.98. Expect 72.85-73.05 range for the day.

USD continued to climb higher against EURO as US Yields climbed further.

-USDINR is at 72.91. Prior day’s close was 72.96.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 6.12%.

-USDINR 1 yr fwd premia is at 4.96%.

USDINR @ 72.91, EUR/USD 1.1937, GBP/USD @ 1.3676, USD/JPY @ 105.55, EUR/INR @ 87.18, GBP/INR @ 99.71, JPY/INR @ 69.08.

Gold@1797, WTI Crude @ 56.70, Nifty @ 14921(+25), 10 Year G-SEC @ 6.12%.

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