The 10-year Indian government bond yield Increases 0.78% to 5.805% from 5.760% in the week gone by. US 10 year benchmark decreases to -3.21% as compared to 0.623% in the previous week.
Rating agency ICRA has revised its forecast for contraction in India’s GDP in FY21 to 9.5 % from 5 % it expected earlier, as continued lockdowns in some states have affected the recovery seen in May and June.
India’s retail inflation, which is measured by the Consumer Price Index grew 6.09 % in the month of June.
The trade balance showed a surplus of $0.79 billion for June versus a deficit of $15.28 billion in the same month last year. Economists had forecast a shortfall of $4.50 billion.
Globally, The European Central Bank left its key interest rates and the size of asset purchases unchanged as policymakers weigh the effect of the previous actions. The main refi rate was left unchanged at a record low zero and the deposit rate at -0.50 %, in line with economists’ expectations.
hina’s gross domestic product grew 3.2 % on a yearly basis in the second quarter, in contrast to the 6.8 % contraction logged in the first three months, which was the first fall since 1992.GDP was expected to grow 2.5%.
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FII/FPI IN DEBT MARKET
|S&P BSE SENSEX||37020.14||36594.33||1.16|
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|Policy Repo Rate||4.00%|
|Reverse Repo Rate||3.35%|
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|Foreign Exchange Reserves ( 10th July. 2020)||$516.362 b||$507.644 b|
|WPI Inflation YoY (June)||-1.81%||-3.21%|
|Inflation Rate YoY (June)||6.09%||5.84%|
|10 yr bond yield||5.805%||5.760%|
|3yr bond yield||4.277%||4.280%|
|1yr bond yield||3.577%||3.630%|
|US 10 yr benchmark yield||0.623%||0.643%|
|07.37 GS 2023||16/04/2023||4.3200%||4.2800%|
|07.32 GS 2024||28/01/2024||4.6800%||4.6300%|
|07.17 GS 2028||08/01/2028||5.8100%||5.8000%|
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