KEY HIGHLIGHTS

The 10-year Indian government bond yield decreases -2.01% to 5.961% from 6.081% in the week gone by. US 10 year benchmark increases to 1.98% as compared to 0.657% in the previous week.

RBI announced 40 bps untimely rate cut and expects a contraction of output for FY21 After delivering a 75 bps cut in repo rate and 115 bps rate cut in reverse repo rate, RBI has again reduced the repo and reverse repo rate by 40 basis points to 4% and 3.35% respectively while maintaining its accommodative stance. The MSF and bank rate have also been lowered accordingly. The repo rate and reverse repo rate now stands at a near two decadal low.

Indian currency rupee remains weak against the US dollar as headwinds due to US-China trade tiff and worries over the second wave of coronavirus infection weighed on investor sentiment.

Globally, US leading economic index tumbled by 4.4 percent in April after plunging by a revised 7.4 percent in March. Economists had expected the index to plummet by 5.9 percent compared to the 6.7 percent slump originally reported for the previous month.

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FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended

22th May

7131.7 7012.8 119
Week ended

15th May

6170.56 14122.84 -7952.28

FII-FPI-IN-DEBT-MARKET

 GLOBAL INDICES

INDEX As on

22th  May

As on

15th  May

%Chg.
S&P BSE SENSEX 30672.59 31097.73 -1.37%
NIFTY 50 9039.25 9136.85 -1.07%
NASDAQ 9324.59 9014.56 3.44%
FTSE 100 5993.28 5799.77 3.34%

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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 4.7%

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EXCHANGE RATES

Rate As on

22th    May

As on

15th   May

%Chg.
USD/INR 75.95 75.83 0.16%
EUR/INR 82.793 82.0175 0.59%
GBP/INR 92.458 91.8 0.72%
JPY/INR 0.7053 0.7081 -0.40%

USD-INR

MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves (15 may/April. 2020) $487.04 b $485.318 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

22th May

As on

15th May

10 yr bond yield 5.961% 6.081%
3yr bond yield 4.674% 4.764%
1yr bond yield 3.55% 3.820%
US 10 yr benchmark yield 0.657% 0.644%

INDIA'S-YIELD

G-SEC YIELDS

Securities Maturity As on

22th May

As on

15th May

07.37 GS 2023 16/04/2023 4.6700% 4.7600%
07.32 GS 2024 28/01/2024 4.9800% 5.0800%
07.17 GS 2028 08/01/2028 6.0200% 6.1500%

G-SEC-YIELD

COMMODITY

INSTRUMENTS As on

22th May

As on

15th May

%Chg.
CRUDE OIL 35.13 32.5 7.49%
GOLD($) 1735.5 1756.3 -1.2%
SILVER($) 17.69 17.07 3.50%

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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