GDP At 20.1% Is Inline With Expectations As Base Effect Was Low Same Time Last Year By Mr. Shah

GDP At 20.1% Is Inline With Expectations As Base Effect Was Low Same Time Last Year By Mr. Shah

[Music] good morning treasurers this is your host party shaco founder of night fintech and you are listening to night snippets here is what you need to know before going into trade for first september 2021 in the international market after the fed’s reiteration of not touching interest rates anytime soon gave the comfort to the market investors are now eyeing friday’s non-farm payrolls to get a clarity on when the tapering would start market is expecting nfp which is known from payroll to increase by 7.5 lakhs and jobless claims to touch 5.2 percent from 5.4 in july with this expectation us 10 year ended two basis points lower at 132 basis points higher at 130 and 30 year at 192 tuesday in the crude oil market crude is trading at 72.99 per barrel short-term range for crude is 70-73 and the currency market dollar index is at 92.72 short-term range for dollar index is 92.55 to 92-91 the next move in dx-5 will be now for friday’s non-farm payrolls data expect volatile movements in dxy on thursday and friday usd cny or chinese yuan is at 6 46 usd inr with a high of 73.29 closed at 73 again rbi intervention was not seen and the free fall of free fall of rupee was seen support at 72.80 and resistance at 7310 does exist for usd and r a trading idea for usdiner wait till the confirmation on where the bottom is for usd in our fall is it 7280 7290 or 73 needs to be identified rba has been clearly absent and letting market to find equilibrium ipi ipo inflows are still coming and fbis are also buying the indian debt which makes it a compelling case for rupee to strengthen further in the domestic market gdp for q1 f5 22 stands at 21 20.1 versus minus 24.4 in q1 fbi 21. the increase in the gdp is in line with expectations and is purely a base effect as last year in the same quarter gdp had slumped 24.4 percent high frequency indicators offer a mixed overview of the economy meanwhile market sentiment was positive once again yesterday 563 2026 closed at 565 versus 565 the previous trading day 664 gs 2035 closed at 677 versus 678 the previous trading day if we talk about 31st august 2021’s sdl auctions three-year assam at 497 5-year mp at 599 six-year gujarat at 628 10-year haryana at 687 rajasthan 10-year at 691 himachal pradesh 10 year at 693 was seen analysis huge demand at the auctions as we have been seeing for the last month seven percent is the boundary for sdls for now for all the old inventory which you have been holding start booking profits slowly trading strategy for domestic market today 6 10 2031 at 6 21 is not an attractive paper anymore for all those who had not booked profits are advised to liquidate their positions at 6 10 2031. exit 664 2035 soon as this paper will become illiquid now and majority of the trading has shifted to 610 2031. trading range for 16 gs 2031 is 621 to 625 that’s it for today see you tomorrow with the new episode of night snippets [Music]
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GDP At 20.1% Is Inline With Expectations As Base Effect Was Low Same Time Last Year By Mr. Shah

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