01/10/2018

Major developments:

Rupee is at 72.80.  RBI policy is expected on Oct 4th. Considering the liquidity situation, RBI may hesitate to hike rates . RBI may not consider linking rate hike to Rupee management.  Govt announced lower borrowings than expected for H2- 2018-19. G-sec Yields declined on news of lower borrowing. Equity indices continue to decline despite uptick in Asian markets.

-INR is at 72.80. Friday’s close was 72.49. 

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.95%. 

-USDINR 1 yr fwd premia is at 4.30%. 

USDINR @ 72.80, EUR/USD 1.1595, GBP/USD @ 1.3025, USD/JPY @ 113.91, EUR/INR @ 84.40, GBP/INR @ 94.82, JPY/INR @ 63.91.

Gold@1185, WTI Crude @ 73.50, Nifty @ 10875 (-54), 10 Year G-SEC @ 7.95.