KEY HIGHLIGHTS
The 10-year Indian government bond yield Increases 0.83% to 5.886% from 5.837% in the week gone by. US 10 year benchmark Increases to -5.83% as compared to 0.566% in the previous week.
The Reserve Bank of India (RBI), as part of its monetary policy announcements 6th August, After delivering 115 bps cut in repo rate and 155 bps rate cut in reverse repo since the onset of covid-19 in March, RBI has decided to remain committed to their prime objective of inflation targeting by maintaining status quo on policy rate action. MPC stated that the cumulative reduction of 250 basis points is working its way through the economy, lowering interest rates in money, bond and credit markets, and narrowing down spreads and this would not have been possible to the extent achieved so far without creating comfortable liquidity conditions.
Gold prices raced towards a record high as poor US jobs pushed the dollar to a two year low and raised serous concerns regarding economic recovery in US from COVID-19 crisis.
Globally, US dollar slumped to a two-year low on fears that the recovery in the world’s biggest economy was lagging others. European stocks edged down in volatile trading, with Frankfurt gaining 0.2 % as investors digested a fresh batch of corporate earnings reports.
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FII/FPI IN DEBT MARKET
| DATE | PURCHASES | SALES | NET(cr) |
| Week ended
7th August |
7259.17 | 6256.31 | 1002.86 |
| Week ended
31st July |
8966.11 | 8306.92 | 659.19 |
GLOBAL INDICES
| INDEX | As on
7th August |
As on
31st July |
% change |
| S&P BSE SENSEX | 38040.57 | 37606.89 | 1.15 |
| NIFTY 50 | 11214.05 | 11073.45 | 1.27 |
| NASDAQ | 11010.98 | 10745.28 | 2.47 |
| FTSE 100 | 6032.18 | 5897.76 | 2.28 |
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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
7th August |
As on
31st July |
%Chg. |
| USD/INR | 75.025 | 74.918 | 0.14 |
| EUR/INR | 88.4395 | 88.246 | 0.22 |
| GBP/INR | 97.93 | 98.031 | -0.10 |
| JPY/INR | 0.7083 | 0.7077 | 0.08 |
MACRO DATA
| PARTICULARS | CURRENT | PREVIOUS |
| Foreign Exchange Reserves ( 7th August. 2020) | $534.57 b | $522.63 b |
| WPI Inflation YoY (June) | -1.81% | -3.21% |
| Inflation Rate YoY (June) | 6.09% | 5.84% |
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DOMESTIC INDICATORS
| INSTRUMENT | As on
7th August |
As on
31st July |
| 10 yr bond yield | 5.886% | 5.837% |
| 3yr bond yield | 4.824% | 4.404% |
| 1yr bond yield | 3.447% | 3.660% |
| US 10 yr benchmark yield | 0.566% | 0.533% |
G-SEC YIELDS
| Securities | Maturity | As on
7th August |
As on
31st July |
| 07.37 GS 2023 | 16/04/2023 | 4.4700% | 4.4000% |
| 07.32 GS 2024 | 28/01/2024 | 4.7900% | 4.7300% |
| 07.17 GS 2028 | 08/01/2028 | 5.9300% | 5.8700% |
COMMODITY
| INSTRUMENTS | As on
7th August |
As on
31st July |
%Chg. |
| CRUDE OIL | 44.66 | 43.30 | 3.05 |
| GOLD($) | 2036.15 | 1962.8 | 3.60 |
| SILVER($) | 28.4 | 24.216 | 14.73 |
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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