KEY HIGHLIGHTS:-
The Reserve Bank of Indian (RBI) on Friday decided to keep the benchmark repo rate unchanged at 4 per cent, already at the lowest since 2000, and reverse repo rate at 3.35 per cent. RBI said it would reverse the 100-basis-point cash reserve ratio in two tranches back to 4% by May 22, 2021.RBI announced the direct participation of Retail investors to invest in G-sec while earlier it was done through banks. Real GDP Growth is projected at 10.5% in 2021-2022 and CPI inflation is projected at 5.2% for Q4FY21 , 5.2- 5% in the H1FY22 and at 4.3% in the Q3FY22. Gross market borrowing of Centre is estimated at Rs 12 lakh crore.
The Yield on a 10-year benchmark federal paper, 05.77 GS 2030 edged up by 5 basis points to 6.14% compared to 6.09% in the previous trading session. The Total trading volume on the central banks gilts trading platform stood at Rs 14695 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 Feb | 1174.71 | 775.23 | 399.48 |
Week ended 29th Jan | 654.51 | 423.18 | 231.33 |
GLOBAL INDICES
INDEX | As on
5th feb |
As on
29th Jan |
%Chg. |
S&P BSE SENSEX | 50731.693 | 46,285.77 | 9.61% |
NIFTY 50 | 14924.25 | 13,634.60 | 9.46% |
NASDAQ | 13856.3 | 13,070.70 | 6.01% |
FTSE 100 | 6489.33 | 6,407.46 | 1.28% |
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 | -7.5% |
EXCHANGE RATES
Rate | As on
5th Feb |
As on
29th Jan |
%Chg. |
USD/INR | 73.08 | 73.16 | -0.11% |
EUR/INR | 87.58 | 88.78 | -1.35% |
GBP/INR | 99.95 | 100.19 | -0.24% |
JPY/INR | 69.25 | 69.86 | -0.87% |
MACRO DATA
PARTICULARS | CURRENT | PREVIOUS |
Foreign Exchange Reserves (5th/Feb. 2021) | $590.19B | $585.33B |
WPI Inflation YoY (Dec) | 1.22% | 1.55% |
Inflation Rate YoY (Dec) | 4.59% | 6.93% |
DOMESTIC INDICATORS
INSTRUMENT | As on
5th Feb |
As on
29th Jan |
10 yr bond yield | 6.07% | 5.95% |
3yr bond yield | 4.97% | 4.71% |
1yr bond yield | 4.06% | 3.90% |
US 10 yr benchmark yield | 1.17% | 1.07% |
COMMODITY
INSTRUMENTS | As on
5th Feb |
As on
29th Jan |
%Chg. |
CRUDE OIL | 56.85 | 52.2 | 8.91% |
GOLD($) | 1,815.10 | 1,850.30 | -1.90% |
SILVER($) | 27.019 | 26.914 | 0.39% |
(Source:Bloomberg,RBI,Investing,BusinessStandard,CapitalNews)
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