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

FII-FPI-IN-DEBT-MARKET

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

USD-INRMACRO 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%

INDIA'S-YIELD

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%

G-SEC-YIELD

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

CRUDE-OIL

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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