KEY HIGHLIGHTS

On a review of current liquidity and financial conditions, the Reserve bank of India on Thursday announced that it will purchase government securities worth ₹20,000 crore and sell securities worth ₹15,000 crore on 10 March. This makes it a combination of Operation Twist of ₹15,000 crore and open market operations of ₹5000 crore, a sign that RBI is open to using all tools to stabilize yields. These include 5.15% GS 2025, 7.17% GS 2028, 5.85% GS 2030 and 7.57% GS 2033. The yield on the 10-year benchmark bond closed at 6.22% after touching a 11-month high of 6.26% on Thursday.

 

The Yield on a 10-year benchmark federal paper, 05.77 GS 2030 stayed unchanged at 6.23% after touching a 11-month high of 6.26% on Thursday. The Total trading volume on the central banks gilts trading platform stood at Rs 9860 crore. The weighted average rate in the overnight call money market Slipped to 3.25% compared with 3.45% in the previous session. The call money volume stood at Rs3011 Crore.

Globally, US real gross domestic product increased by 4% (Q-o-Q) in the 4th quarter, according to the advance estimate released by the Bureau of Economic Analysis.

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FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended 5th Mar 268.67 428.06 -159.39
Week ended 26th Feb 376.69 2404.4 -2027.71

 

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(Source:MINT,RBI,Investing,BusinessStd,CapitalMarket)

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GLOBAL INDICES

INDEX     As on    

   5th Mar

As on

26th Feb

%Chg.
S&P BSE SENSEX 50405.2 49,100.00 2.66%
NIFTY 50 14938.1 14,529.15 2.81%
NASDAQ 12920.15 13,192.34 -2.06%
FTSE 100 6630.52 6,483.43 2.27%

 

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 0.4 %

 

EXCHANGE RATES

Rate               As on

  5th Mar

As on

26th Feb

%Chg.
USD/INR 73.32 74.19 -1.17%
EUR/INR 87.54 89.82 -2.54%
GBP/INR 101.26 103.11 -1.79%
JPY/INR 67.64 69.71 -2.97%

 

USI-Weekly-debt-elite

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MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves (26th/Feb. 2021) $584.55B $583.87B
WPI Inflation YoY (Jan) 2.03% 1.22%
Inflation Rate YoY (Jan) 4.06% 4.59%

 

DOMESTIC INDICATORS

INSTRUMENT As on

5th Mar

As on

26th Feb

10 yr bond yield 6.232% 6.229%
3yr bond yield 5.026% 5.040%
1yr bond yield 4.111% 4.071%
US 10 yr benchmark yield 1.577% 1.407%

 

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COMMODITY

INSTRUMENTS As on

5th Mar

As on

26th Feb

%Chg.
CRUDE OIL 66.09 61.5 7.46%
GOLD($) 1,698.50 1,728.80 -1.75%
SILVER($) 25.28 26.44 -4.39%
(Source:MINT,RBI,Investing,BusinessStd,CapitalMarket)

india-yield-weekly-deby-elite

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