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Forex Rates

INSTRUMENTLAST PRICE
USDINR71.44
EURINR78.78
EURUSD1.1028
GBPUSD1.3061
USDJPY109.08
DOW JONES28989
NIKKEI23795
BSE41416
NIFTY12186
GOLD1579
SILVER18.2
CRUDE58.73
US 10Y1.64%
INR 1M FWD22p(3.59%)
INR 3M FWD73p(4.12%)
INR 6M FWD145p(4.09%)
INR 12M FWD298p(4.16%)
$ LIBOR 1M1.66%
$ LIBOR 3M1.80%
$ LIBOR 6M1.81%
$ LIBOR 12M1.88%

GLOBAL MARKET

Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500's worst week in six months. Stocks tumbled as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. U.S. Treasury prices advanced on Friday, pushing yields lower for a fourth straight session, as news of the latest coronavirus spreading outside China continued to undermine risk appetite and spur demand for safe-haven assets. Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia's energy minister sought to calm the market.

INDIAN MARKET

The Indian rupee fell to over two-week low and was at 71.44 to the dollar, against 71.33 at the previous close, tracking weakness in the Asian currencies as concerns over a virus outbreak in China kept investors’ risk appetite in check. The benchmark 6.45% bond maturing in 2029 hit an over-two-week high and was at 99.24 rupees, yielding 6.55%, against 99.05 rupees and 6.58% yield at the previous close, tracking fall in U.S. Treasury yields and crude oil prices, while fears of heavy additional borrowing for this FY eased. The benchmark BSE Sensex and the broader NSE index were trading 0.61% and 0.65% lower, respectively, tracking similar move in Asian indices on fears of economic impact from China’s virus outbreak. Losses were led by financial stocks such as HDFC and HDFC Bank and index heavyweight Reliance Industries. The one-year swap rate was down five basis points to 5.29% from 5.34% previous close, while the benchmark five-year rate fell 11 bps to 5.44% from 5.55% at previous close. Gold prices climbed to a more than two-week high as rising concerns over the spread of a virus outbreak in China and its potential economic impact.

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