11/09/2018

Major developments:

Rupee is at 72.37.  Indian Qdi1 CAD was reported at USD 15.3 bn (2.4% of GDP). Last month trade data is due for release in coming week. IIP and CPI are other key data events for the week. CPI inflation may have moderated despite high crude prices due to lower food inflation. RBI may still hike rates in Oct meeting to defend Rupee.

-INR is at 72.37. Y’day close was 72.45 

-Indian Equity indices trade flat.

-Indian 10 year G-SEC yield is at 8.15%. 

-USDINR 1 yr fwd premia is at 4.40%. 

USDINR @ 72.37, EUR/USD 1.1603, GBP/USD @ 1.3046, USD/JPY @ 111.39, EUR/INR @ 83.97, GBP/INR @ 94.40, JPY/INR @ 64.96.

Gold@1193, WTI Crude @ 67.55, Nifty @ 11442 (+4), 10 Year G-SEC @ 8.15.