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
|S&P BSE SENSEX||39467.31||38434.72||2.69|
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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||6.097%||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%|
|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%|
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