The 10-year Indian government bond yield Increases 0.86% to 6.013% from 5.961% in the week gone by. US 10 year benchmark decreases to -0.61% as compared to 0.653% in the previous week.
India’s Gross Domestic Product (GDP) has fallen to 3.1% in the January-March quarter of 2020 amid the COVID-19 pandemic. The GDP for 2019-20 has dropped to an 11-year low of 4.2%.
Domestically, The government has been gradually easing lockdown restrictions, and is expected to announce further guidelines in the coming days. A recent data showed that Foreign direct investment (FDI) in India grew by 13 percent to a record of $49.97 billion in the 2019-20 financial year.
Globally, US durable goods orders plunged by 17.2 percent in April following a revised 16.6 percent nosedive in March. Economists had expected durable goods orders to plummet by 19.0 percent compared to the 14.4 percent slump originally reported for the previous month. US pending home sales index plummeted by 21.8 percent to 69.0 in April after tumbling by 20.8 percent to 88.2 in March. Economists had expected pending home sales to slump by 15.0 percent.
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FII/FPI IN DEBT MARKET
|S&P BSE SENSEX||32424.1||30672.59||5.71|
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|Policy Repo Rate||4.00%|
|Reverse Repo Rate||3.35%|
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|Foreign Exchange Reserves (19 May. 2020)||$490.0 b||$487.04 b|
|WPI Inflation YoY (Apr)||0.0%||1.00%|
|Inflation Rate YoY (Apr)||5.68%||5.91%|
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|10 yr bond yield||6.013%||5.961%|
|3yr bond yield||4.579%||4.674%|
|1yr bond yield||3.62%||3.55%|
|US 10 yr benchmark yield||0.653%||0.657%|
|07.37 GS 2023||16/04/2023||4.5800%||4.6700%|
|07.32 GS 2024||28/01/2024||4.9700%||4.9800%|
|07.17 GS 2028||08/01/2028||6.0700%||6.0200%|
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