KEY HIGHLIGHTS

The 10-year Indian government bond yield Decreases -2.25% to 6.347 from 6.490 in the week gone by. US 10 year benchmark Decreases to 13.55% as compared to 0.73% in the previous week.

In RBI stimulation 2.0 Reserve Bank of India Governor Shaktikanta Das announced a series of steps to help revive the Indian economy, including cutting its reverse repo rate by 25 basis points to 3.75 percent even as it said it would launch long-term repo operations (TLTROs) worth Rs 50,000 crore to help non-banking financial companies. Regulatory relaxation has been extended to ensure forbearance to banks and NBFCs. At the same time RBI has increased provision coverage ratio for banks. Reduction in reverse repo rate is aimed at discouraging lazy banking. Given the concluding remarks of the Governor, we think that there will further clarifications, measures including policy rate cuts. Possibly governments will announce further fiscal package.

Since the start of the pandemic, financial institutions including the World Bank Group and the International Monetary Fund (IMF) – along with UN entities, regional organisations and country groups such as the G20 – have been examining the tools available to stabilize markets, prevent job losses and preserve hard-fought development gains.

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FII/FPI IN DEBT MARKET

DATE PURCHASES SALES NET(cr)
Week ended 17th April 7403.31 11187.11 -3783.8
Week ended 9th April 9229.13 9207.47 21.72

 

FII-FPI-IN-DEBT-MARKET-2020-04-18

 

GLOBAL INDICES

INDEX As on 17th  April As on 9th  April %Chg.
S&P BSE SENSEX 31588.72 31159.62 1.38%
NIFTY 50 9266.75 9111.9 1.70%
NASDAQ 8650.96 8153.58 6.09%
FTSE 100 5786.96 5842.66 -0.95%

 

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POLICY RATES

INSTRUMENT Rate
Policy Repo Rate 4.40%
Reverse Repo Rate 3.75%
MSFR 5.40%
Bank Rate 5.40%
CRR 3.00%
SLR 21.50%
GDP 4.7s%

 

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EXCHANGE RATES

Rate As on 17th  April As on 10th  April %Chg.
USD/INR 76.55 75.879 0.88%
EUR/INR 83.24 82.9805 0.31%
GBP/INR 95.695 94.503 1.26%
JPY/INR 0.7118 0.7032 1.22%

 

MACRO DATA

PARTICULARS CURRENT PREVIOUS
Foreign Exchange Reserves (3rd/April. 2020) $474.660 b $469.50B
WPI Inflation YoY (Feb) 2.26% 3.1%
Inflation Rate YoY (Jan) 6.58% 7.59%

 

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DOMESTIC INDICATORS

INSTRUMENT As on 17th April As on 9th  April
10 yr bond yield 6.347% 6.490%
3yr bond yield 4.99% 5.530%
1yr bond yield 4.17% 4.560%
US 10 yr benchmark yield 0.64% 0.730%

 

DOMESTIC-INDICATORS-2020-04-18

 

G-SEC YIELDS

Securities Maturity As on 17th April As on 9th April
07.37 GS 2023 16/04/2023 5.09% 5.54%
07.32 GS 2024 28/01/2024 5.66% 5.86%
07.17 GS 2028 08/01/2028 6.50% 6.79%

 

 

COMMODITY

INSTRUMENTS As on 17th  April As on 9th  April %Chg.
CRUDE OIL 28.08 31.48 -12.11%
GOLD($) 1698.8 1752.8 -3.18%
SILVER($) 15.348 16.053 -4.59%

 

COMMODITY-2020-04-18


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