KEY HIGHLIGHTS

The 10-year Indian government bond yield Increases 0.91% to 5.849% from 5.796% in the week gone by. US 10 year benchmark decreases to -2.31% as compared to 0.694% in the previous week.

Fitch Ratings has revised the Outlook on India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the rating at ‘BBB-‘. The corona virus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden.

Rising tension between India and China, weak global cues kept a check on optimism in the Indian markets. There is a buzz in the street India may impose antidumping duty on imports of certain steel products from the EU, Japan, the US and Korea for five years to protect domestic players from cheap imports.

It’s expected that the markets to remain volatile as investors would track global cues and development around India-China border issues.

Globally, US leading economic index jumped by 2.8 % in May after plunging by 6.1 % in April and 7.5 % in March.  UK Retail sales volume increased at a pace of 12 percent on month, in contrast to an 18 percent decrease in April. Sales were forecast to climb 5.7 %.

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FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended

19th June

6867.26 6355.51 511.75
Week ended

12th June

7106.25 5484.66 1621.59

FII-FPI-IN-DEBT-MARKET

GLOBAL INDICES

INDEX As on

19th  June

As on

12th  June

% change
S&P BSE SENSEX 34731.73 33780.89 2.81%
NIFTY 50 10244.4 9972.9 2.72%
NASDAQ 9946.12 9588.81 3.73%
FTSE 100 6292.6 6105.18 3.07%

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POLICY RATES

INSTRUMENT Rate
Policy Repo Rate 4.00%
Reverse Repo Rate 3.35%
MSFR 4.25%
Bank Rate 4.25%
CRR 3.00%
SLR 18.00%
GDP 4.2%

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EXCHANGE RATES

Rate As on

19th June

As on

12th June

%Chg.
USD/INR 76.26 76.05 0.28
EUR/INR 85.2355 85.6015 -0.43
GBP/INR 94.243 95.378 -1.19
JPY/INR 0.7134 0.7082 0.73

USD-INR

MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves ( June. 2020) $500.0 b $493.48 b
WPI Inflation YoY (Apr) 0.0% 1.00%
Inflation Rate YoY (Apr) 5.68% 5.91%

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DOMESTIC INDICATORS

INSTRUMENT As on

19th June

As on

12th June

10 yr bond yield 5.849% 5.796%
3yr bond yield 4.483% 4.556%
1yr bond yield 3.740% 3.790%
US 10 yr benchmark yield 0.694% 0.710%

INDIA'S-YIELD

G-SEC YIELDS

Securities Maturity As on

19th June

As on

12th June

07.37 GS 2023 16/04/2023 4.4800% 4.5600%
07.32 GS 2024 28/01/2024 4.9000% 4.9700%
07.17 GS 2028 08/01/2028 4.0400% 6.0300%

G-SEC-YIELD

COMMODITY

INSTRUMENTS As on

19th June

As on

12th June

%Chg.
CRUDE OIL 42.19 38.73 8.20%
GOLD($) 1753.0 1737.3 0.90%
SILVER($) 17.847 17.482 2.05%

CRUDE-OIL


DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


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