FIXED INCOME RESEARCH

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1 1yr benchmark closed at 7.867% vs. previous day close of 7.89%. The benchmark opened at % and touched a high at % and a low of %. Top 3 Traded securities: 7.17% GS ,93Crs 6.84% GS 222-1,63 Crs 7.59% GS 226-1,32 Crs Market Volumes Volume (Rs Crs) Today Previous NDS OM 31,3 39,617 Net Liquidity-LAF Auction 1,314 1,284 Call 17,677 17,178 CBLO 1,47,396 1,62,329 Repo 84,456 72,524 Result Of OMO Auction Script Amount (Rs Bln) Date Cut-Off 8.12% GS Oct % 8.2% GS Oct 7.652% 8.4% GS Oct % 6.97% GS Oct % 6.68% GS Oct 7.999% Total Thursday 25 Oct,218 Key Market Rates Today Previous 7.17 GS % 7.89% 6.68 GS % 7.99% CP(3m) 8.8% 8.15% CP(6m) 8.28% 8.28% CP(12m) 8.85% 8.85% CD(3m) 7.45% 7.54% CD(6m) 7.7% 7.7% CD(12m) 8.45% 8.45% Call Money 6.5% 6.53% CBLO 6.47% 6.48% MIBOR Overnight 6.6% 6.6% US1yrG-Sec 3.1% 3.17% Commodities Crude(WTI)-$/bl Gold-$/toz Silver-$/toz USD/INR (Annualized) USD/INR(SPOT) USD/INR(1MFWD) USD/INR(3MFWD) USD/INR(6MFWD) USD/INR(1MNDF) USD/INR(3MNDF) USD/INR(6MNDF) Equity NIFTY 1, ,146.8 SENSEX 34, , Corp Bond Yields AAA1Y AAA5Y AAA1Y Economic Factors Current WPI 5.13 IIP 4.3 CPI 3.77 Instrument Rate CRR 4.% 4.% SLR 19.5% 19.5% Rev Repo 6.25% 6.% Repo 6.5% 6.25% MSF 6.75% 6.5% Source: CCIL, Bloomberg, Almondz Research 1

2 I. GOVERNMENT BONDS - STATISTICS G-Secs Last 1D 5D 1M 3M 6M 1Y 3Y 5Y QTD YTD 1Y Gsec Change in bps Y Gsec Change in bps Y Gsec Change in bps Y Gsec Change in bps Y Gsec Change in bps US 1Y Gsec Change in bps Yield Cuve Net Liquidity (in ' Crs) 1Y Gsec 5Y Gsec 1Y Gsec 13Y Gsec , Almondz Research 2

3 Spread Matrix in bps G-Secs Last 1D 5D 1M 3M 6M 1Y 3Y 5Y QTD YTD 5Y - 1Y Y - 3Y Y - 5Y Y - 13Y II. MONEY MARKET - STATISTICS Short term rates Last 1D 5D 1M 3M 6M 1Y 3Y 5Y QTD YTD 3M CP #N/A N/A #N/A N/A #N/A N/A #N/A N/A #N/A N/A #N/A N/A Change in bps #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 6M CP Change in bps M CP Change in bps M CD Change in bps M CD Change in bps M CD Change in bps Commercial Paper Certificate of Deposit 3m cp 6m cp 12m cp 3m cd 6m cd 12m cd 3

4 Short term rates Last 1D 5D 1M 3M 6M 1Y 3Y 5Y QTD YTD CALL Change in bps CBLO Change in bps Repo Change in bps III. PRIMARY ISSUANCE- STATISTICS Primary Certificate of Deposits Reported Name Amt Tenor Rate INDUSIND - Jun % VIJAYA - Dec-18 7.% VIJAYA - Jan % IDFC - 2M 7.8% Primary Commercial Papers Reported Name Amt Tenor Rate CPCL - 1M 7.2% GIC HF - 2M 8.58% NTPC - 3M 7.57% GODREJ IND - 3M 7.72% IV. OIS & USD/INR- STATISTICS OIS Last 1D 5D 1M 3M 6M 1Y 3Y 5Y QTD YTD OIS 3m Change in bps OIS 6m Change in bps OIS 1Y Change in bps OIS 5Y Change in bps USDINR Last 1D 5D 1M 3M 6M 1Y spot Future 1m Future 3m Future 6m NDF outright 1m #N/A N/A NDF outright 3m NDF outright 6m NDF outright 9m , Almondz Research 4

5 V. MUTUAL FUND, FOREIGN INVESTMENT & GLOBAL INDICATORS- STATISTICS MF investment in Debt and Equity MF net equity MF net debt FII investment in Debt (USD Mn) Brent crude (in $) Oct 6-Oct 7-Oct 8-Oct 9-Oct 1-Oct 11-Oct 12-Oct 13-Oct 14-Oct 15-Oct 16-Oct 17-Oct 18-Oct 19-Oct 2-Oct 21-Oct 22-Oct 23-Oct 24-Oct 25-Oct, Almondz Research Disclaimer: This document has been prepared by Almondz Global Securities Ltd. The information, analysis and estimates contained here in are sourced from information data bases which are believed to be reliable. This document is meant for use of the intended receipt only. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance thereof. Almondz expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities. Almondz, its affiliates and their employees may from time to time hold positions in securities referred to herein. Almondz or it affiliates may from time to time solicit from or perform investment banking or other services for any company mentioned in this document. For more information mail us at:debtresearch@almondz.com 5