Forex Rates

INSTRUMENT LAST PRICE
USDINR 69.0000
EURINR 80.3600
EURUSD 1.1650
GBPUSD 1.3018
USDJPY 112.35
DOW JONES 25064
NIKKEI 22765
BSE 36422
NIFTY 10974
GOLD 1219.36
SILVER 15.30
CRUDE 72.78
US 10Y 2.84%
INR 1M FWD 24p (4.17%)
INR 3M FWD 74p  (4.29%)
INR 6M FWD 149p (4.30%)
INR 12M FWD 296p (4.30%)
$ LIBOR 1M 2.08%
$ LIBOR 3M 2.35%
$ LIBOR 6M 2.53%
$ LIBOR 12M 2.81%

GLOBAL MARKET

U.S. stocks dropped on Thursday after earnings disappointed and trade jitters escalated over worries that the European Union could slap retaliatory tariffs on goods imported from the United States. The dollar was on the defensive against the yen and euro after U.S. President Donald Trump expressed concern about the currency's strength and the Federal Reserve's interest rate increases. The U.S. yield curve flattened, close to levels not seen in 11 years, on Thursday as upbeat data on the jobs market and business activity reinforced the view of further interest rate increases from the Federal Reserve. Oil prices gained after Saudi Arabia's OPEC governor said the kingdom's exports are likely to fall next month and inventories may be squeezed in the third quarter. Gold eased for a sixth straight session, having slipped to a one-year low in the previous session, as the U.S. dollar firmed.

INDIAN MARKET

USD/INR climbs to new record high, prompted by further decline in Chinese yuan. Pair climbs past previous record high of 69.10 reached on June 28 to 69.13, now at 69.00 against 69.05 previous close. Onshore yuan down 0.3% at 6.7930 against dollar; currency down over 1.5% down this week, headed for fourth straight weekly decline, and down almost 7% since beginning of June amid heightening trade tensions. Trump said yesterday in CNBC interview that fall in yuan was a matter of concern. US President also criticized Fed for raising interest rates and objected to dollar’s strength. Korean won and Indonesian rupiah down 0.3% each. Indian government bonds steady in thin trade despite INR hitting record low against USD in early trade. Benchmark note at YTM 7.79%, against 7.78% previous close. Auction cutoffs would be major trigger for the day. India to auction five bonds worth INR120 billion today. India's benchmark yield pegged in 7.75%-7.80% band till auction results.