KEY HIGHLIGHTS

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.

RBI Governor Shaktikanta Das said the central bank has not exhausted its ammunition to deal with the pandemic-induced stress.

The Centre has offered two borrowing options to states to make up for the shortfall in GST compensation cess fund, including a special window to directly raise finances from RBI.

Oil prices were volatile because a massive hurricane raced inland past the heart of the U.S. oil industry in Louisiana and Texas, with a storm surge weaker than predicted.

Globally, The Fed’s widely-awaited shift in its policy framework saw the central bank place more emphasis on boosting economic growth and less on worries about letting inflation run too high. The policy aims for 2 % inflation on average so that too low a pace would be followed by an effort to lift inflation “moderately above 2 % for some time.

US pending home sales index spiked by 5.9 % to 122.1 in July after soaring by 15.8 % to 115.3 in June. Economists had expected pending home sales to surge up by 3.0 percent.

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FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended

28th  August

7639.75 7522.02 117.13
Week ended

21st  August

5556.41 6722.81 -1166.4

FII-FPI-IN-DEBT-MARKET

GLOBAL INDICES

INDEX As on

28th  August

As on

21st  August

% change
S&P BSE SENSEX 39467.31 38434.72 2.69
NIFTY 50 11647.6 11371.6 2.43
NASDAQ 11695.63 11311.8 3.39
FTSE 100 5963.57 6001.89 -0.64

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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

28th  August

As on

21st  August

%Chg.
USD/INR 73.114 74.92 -2.41
EUR/INR 87.028 88.368 -1.52
GBP/INR 97.6 98.048 -0.46
JPY/INR 0.6939 0.708 -1.99

 

USD-INR

MACRO DATA

PARTICULARS CURRENT PREVIOUS
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%

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DOMESTIC INDICATORS

INSTRUMENT As on

28th  August

As on

21st  August

10 yr bond yield 6.097% 6.140%
3yr bond yield 5.045% 4.920%
1yr bond yield 3.749% 3.748%
US 10 yr benchmark yield 0.724% 0.636%

INDIA'S-YIELD

G-SEC YIELDS

Securities Maturity As on

28thAugust

As on

21st  August

07.37 GS 2023 16/04/2023 4.7100% 6.5100%
07.32 GS 2024 28/01/2024 5.0500% 4.9200%
07.17 GS 2028 08/01/2028 6.2300% 6.1100%

G-SEC-YIELD

COMMODITY

INSTRUMENTS As on

28thAugust

As on

21st  August

%Chg.
CRUDE OIL 45.05 44.35 1.55
GOLD($) 1974.9 1947 1.41
SILVER($) 27.595 26.732 3.13

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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