10/10/2018

Major developments:

Rupee is at 74.24. Govt is considering further restrictions on imports to contain CAD. PMO review meeting is likely to discuss further measures. There are reports that Govt is also planning to tap overseas Indians for Dollar funds. FII’S sold 1170 cr in Equity market and Rs 2230 Cr in debt market y’day.

-INR is at 74.24. Y’day’s close was 74.39.

-Indian Equity indices climb.

-Indian 10 year G-SEC yield is at 8.05%.

-USDINR 1 yr fwd premia is at 4.44%.

USDINR @ 74.24, EUR/USD 1.1507, GBP/USD @ 1.3157, USD/JPY @ 113.03, EUR/INR @ 85.42, GBP/INR @ 97.67, JPY/INR @ 65.68.

Gold@1189, WTI Crude @ 74.60, Nifty @ 10400 (+99), 10 Year G-SEC @ 8.05.