The 10-year Indian government bond yield Increases 2.85% to 6.140% from 5.965% in the week gone by. US 10 year benchmark decreases to -11.48% as compared to 0.636% in the previous week.
Minutes of the RBI MPC meet clearly exhibited committee members’ angst over striking a balance between inflation, which is running higher than its mandate, and growth, which has collapsed because of the Covid-19 outbreak.
The Indian rupee slid, tracking weaker Asian currencies amid concerns over global economic recovery due to rising coronavirus cases. Meanwhile, government has approved a proposal to give one-time relaxation in working capital limit norm for power distribution companies (discoms) under the Ujwal DISCOM Assurance Yojana (UDAY) to get loans as part of the ₹ 90,000 crore liquidity infusion scheme.
Globally, US leading noecomic index for the U.S. increased for the third straight month in July, although the pace growth by the index slowed from the two previous months. The report said the leading economic index jumped by 1.4 percent in July after surging up by 3.0 percent in June and by 3.1 percent in May.
Nationwide consumer prices in Japan were up 0.3 percent on year in July – in line with expectations and up from 0.1 percent in June.
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FII/FPI IN DEBT MARKET
|S&P BSE SENSEX||38434.72||37877.34||1.47|
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|Policy Repo Rate||4.00%|
|Reverse Repo Rate||3.35%|
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|Foreign Exchange Reserves ( 14th August. 2020)||$538.19 b||$534.57 b|
|WPI Inflation YoY (July)||-0.58%||-1.81%|
|Inflation Rate YoY (July)||6.93%||6.23%|
|10 yr bond yield||6.140%||5.965%|
|3yr bond yield||4.920%||4.872%|
|1yr bond yield||3.748%||3.346%|
|US 10 yr benchmark yield||0.636%||0.709%|
|07.37 GS 2023||16/04/2023||6.5100%||4.4500%|
|07.32 GS 2024||28/01/2024||4.9200%||4.8700%|
|07.17 GS 2028||08/01/2028||6.1100%||5.9700%|
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