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rmc ridkmgt commm

1. 29 th RMC MEETING 27 th July 2016

2. Presentation Contents 2 Currency Performance (Graphical Presentation) Last 10 Days; Last 30 Days; Last 365 Days. Factors Against Rupee; Factors in Favour of Rupee; Total Exposure out of Which Uncovered exposure and uncovered RMC; Case for RMC; Decision from RMC “ HEDGE or WAIT and WATCH”

3. Currency Performance 3

4. Currency Performance 4

5. Factors Against Rupee 5 Brexit Referendum: - The referendum in Britain on leaving the European Community made the rupee to swing upwards. Persistent Dollar Demand from importers (Oil & Defence); Paymnet of FCNR $ deposits of 4 billion in Qtr Oct – Dec; Current Account deficit; Expectation on Fed’s Interest Rate Hike; Raghuram Rajan decision for exit on completion of his tenure.

6. 6 Indian Monsoon is on time. Analysts expect that there is possibility of interest cut in coming quarter; Positive trend in Asian and US market; Passage of GST Bill; Robust dollar inflows in equity Factors in Favour of Rupee

7. Total Exposure and Uncovered Exposure as on 30 th June 2016 7

8. Cases for RMC

9. HEDGE OR WAIT & WATCH ? 9

10. 10 HEDGE OR WAIT & WATCH ?

11. 11 HEDGE OR WAIT & WATCH ?

12. 12 HEDGE OR WAIT & WATCH ?

13. 13 HEDGE OR WAIT & WATCH ?

14. 14 HEDGE OR WAIT & WATCH ?

15. 15 HEDGE OR WAIT & WATCH ?

16. 16 HEDGE OR WAIT & WATCH ?

17. 17 HEDGE OR WAIT & WATCH ?

18. 18 HEDGE OR WAIT & WATCH ?

19. 19 HEDGE OR WAIT & WATCH ?