17/09/2018

Major developments:

Rupee is at 72.61.  Rupee has declined almost 80 ps since Friday, despite Govt steps to contain Rupee fall. RBI and Govt may take further steps to fight Rupee fall. There is a split opinion on rate hike and its effectiveness. RBI may have to target direct flows like bond scheme. ECB of short term maturity (one year) is likely to add to short term debt.

-INR is at 72.61. Friday’s close was 71.84. 

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 8.16%. 

-USDINR 1 yr fwd premia is at 4.45%. 

USDINR @ 72.61, EUR/USD 1.1633, GBP/USD @ 1.3080, USD/JPY @ 111.98, EUR/INR @ 84.46, GBP/INR @ 94.97, JPY/INR @ 64.84.

Gold@1194, WTI Crude @ 68.85, Nifty @ 11415 (-100), 10 Year G-SEC @ 8.16.