KEY HIGHLIGHTS

The RBI has decided to conduct an open market operations on March 25 2021 for an amount of Rs.10,000 Crore. The securities it decided to buy includes GS2030 [5.85%], GS 2035 [6.22%], GS 2025 [5.15%] and decided to sell GS 2022 [8.35%], GS 2022 [8.15].

The 10-year benchmark Bond-Yield, 05.85 GS 2030 reduced by 1 BPS to 6.19% on Friday as against 6.20% in the previous day.Total trading volume on central banks gilts stood at Rs 9255 crore.

The Indian Corporate Bond Market moving on towards the direction of maturity.As per the CRISIL, the Indian Corporate Bond Market is expected to be Rs.65-70 Lakh crore by Fiscal 2025 from Rs.33 Lakh crore which was at the end of Fiscal 2020. The approximate contribution likely to be made by the sectors like Financial Sector [50%], Infrastructure [20%], Innovation [25%].

Globally, FITCH has upgraded it’s Global GDP growth forecast to 6.1% in 2021 from 5.3% it estimated in December 2020. US GDP expected to grow 6.5% in 2021 as against previous estimate of 4.2% in December 2020 as per data released by Federal Reserve on Wednesday.

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FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended  19th Mar 499.13 807.92 -159.39
Week ended 12th Mar 549.45 1025.52 -2027.71

 

FIIFPI-IN-DEBT- MARKET-Elite

(Source:MINT,RBI,Investing,CapitalMarket)

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GLOBAL INDICES

INDEX     As on    

   19th Mar

As on

12th Mar

%Chg.
S&P BSE SENSEX 49858.24 50,792.08 -1.84%
NIFTY 50 14744 15,030.95 -1.91%
NASDAQ 13215.24 13,319.87 -0.79%
FTSE 100 6708.71 6,761.47 -0.78%

 

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 0.4 %

 

EXCHANGE RATES

Rate               As on

   19th Mar

As on

12th Mar

%Chg.
USD/INR 72.59 74.19 -2.16%
EUR/INR 86.43 86.7 -0.31%
GBP/INR 101.05 101.15 -0.10%
JPY/INR 66.74 66.63 0.17%

 

USAINR-Weekly-Debt-ELITE

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MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves (19th/Mar. 2021) $582B $580.3B
WPI Inflation YoY (Jan) 4.17% 2.03%
Inflation Rate YoY (Jan) 5.03% 4.06%

 

DOMESTIC INDICATORS

INSTRUMENT As on

19th Mar

As on

12th Mar

10 yr bond yield 6.193% 6.232%
3yr bond yield 5.016% 5.103%
1yr bond yield 4.090% 4.143%
US 10 yr benchmark yield 1.730% 1.625%

 

DOMESTIC-INDICATORS

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COMMODITY

INSTRUMENTS As on

19th Mar

As on

12th Mar

%Chg.
CRUDE OIL 61.42 65.61 -6.39%
GOLD($) 1,741.70 1,729.20 0.72%
SILVER($) 26.321 25.911 1.58%

 

COMMODITY-weekly-reports-elite
(Source:MINT,RBI,Investing,CapitalMarket)

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