5/12/2018

Major developments:

Rupee is at 70.50. RBI monetary policy decision is expected later in the afternoon. US and Global equities declined sharply y’day as long term US Yields declined below shorter tenor yields, flashing signs of potential economic problems in future.

-USDINR is at 70.50. y’day’s close was 70.51.

-Indian Equity indices decline.

-Indian 10 year G-SEC yield is at 7.54%.

-USDINR 1 yr fwd premia is at 4.02%.

USDINR @ 70.50, EUR/USD 1.1320, GBP/USD @ 1.2679, USD/JPY @ 113.05, EUR/INR @ 79.80, GBP/INR @ 89.38, JPY/INR @ 62.36.

Gold@1234, WTI Crude @ 52.40, Nifty @ 10796 (-73), 10 Year G-SEC @ 7.54.