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- GST transformation uncertain in short term
- Abnormal FII outflow unlikely, adds pressure on legislators
- GST to set new tone on future capex plans
- Skepticism on MAT notices (68 notices) that have been issued earlier
- FII outflows stood at $928.57 million as on yesterday. Net FII inflows remained at $6846.01 million till date YoY basis.
Derivatives Insights: Short near month futures of USDINR
The dollar index against six major currencies ended at 95.58, up 0.29% from the previous close of 95.31.
We are projecting dollar to convene supply liability on rallies against the rupee.
The highest traded contracts on this pair are May month contract on the NSE closed at 63.92.
The OI (open interest) was down 4.37% from the previous day.
Make use of rallies in the USD/INR of May futures to short.
