KEY HIGHLIGHTS

The 10-year Indian government bond yield decreases -0.45% to 6.014% from 6.041% in the week gone by. US 10 year benchmark increases to 4.19% as compared to 0.697% in the previous week.

Rating agency S&P has revised the rate of fall in gross domestic product (GDP) to -9% for the current fiscal year from the -5% it estimated earlier. It assessed that impact of the rising Covid-19 cases on private spending and investment will be for a longer period than what was expected earlier. S&P said India’s high deficit limits the scope for fiscal stimulus and the targeted stimulus measures ann­ounced so far amount to about 1.2 % of GDP. Other global rating agencies Moody’s and Fitch projected Indian economy to contract 11.5 % and 10.5 % respectively in the current fiscal. However, Goldman Sachs has estimated the contraction at 14.8 %.

Globally, The Fed announced its widely expected decision to keep the target range for the federal funds rate at zero to 0.25 %. The central bank said it expects rates to remain at current levels until labor market conditions reach levels consistent with maximum employment and inflation has risen to 2 % and is on track to moderately exceed 2 % for some time.

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FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended

18th Sept.

4919.78 5338.86 -419.08
Week ended

11th Sept.

6103.85 5251.85 852.01

2020-09-19FII-FPI-IN-DEBT-MARKET

GLOBAL INDICES

INDEX As on

18th  Sept.

As on

11th  Sept.

% change
S&P BSE SENSEX 38845.82 38854.55 -0.02
NIFTY 50 11504.95 11464.45 0.35
NASDAQ 10793.28 11087.00 -2.65
FTSE 100 6007.05 6032.09 -0.42

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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

18th  Sept.

As on

11th  Sept.

% change
USD/INR 73.538 73.43 0.15
EUR/INR 87.047 86.978 0.08
GBP/INR 94.974 93.939 1.10
JPY/INR 0.7033 0.6917 1.68

 

2020-09-19-USD-INR

MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves ( 18th September. 2020) $541.66 b $542.01 b
WPI Inflation YoY (Aug) 0.16% -0.58%
Inflation Rate YoY (Aug) 6.69% 6.93%

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DOMESTIC INDICATORS

INSTRUMENT As on

18th  Sept.

As on

11th  Sept.

10 yr bond yield 6.014 6.041
3yr bond yield 4.966 5.094
1yr bond yield 3.666 3.507
US 10 yr benchmark yield 0.697 0.669

2020-09-19-INDIAS-YIELD

G-SEC YIELDS

Securities Maturity As on

18th  Sept.

As on

11th  Sept.

07.37 GS 2023 16/04/2023 4.6900% 4.7300%
07.32 GS 2024 28/01/2024 4.9700% 5.0900%
07.17 GS 2028 08/01/2028 6.1100% 6.1400%

2020-09-19-G-SEC-YIELD

COMMODITY

INSTRUMENTS As on

18th  Sept.

As on

11th  Sept.

% change
CRUDE OIL 43.14 39.8 8.39
GOLD($) 1962.1 1948.25 0.71
SILVER($) 29.965 26.915 11.33

2020-09-19-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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