Market Information Thursday 7 April 2022

Russia edged closer to a potential default on its international debt yesterday, as it paid dollar bondholders in roubles. Kremlin spokesman Dmitry Peskov said that Russia would continue to pay in roubles as long as its foreign exchange reserves are blocked by sanctions.

The euro steadied on Wednesday after falling to its lowest level in a month against a strengthening dollar. Pressure on the European currency increased by the prospect of new Western sanctions on Russia and the upcoming French presidential election.

Indian shares fell for a third straight session on Thursday, as global sentiment soured on hawkish U.S. Federal Reserve minutes, while investors looked forward to the Reserve Bank of India’s policy decision on Friday amid rising inflationary pressures. The NSE Nifty 50 index (.NSEI) declined 0.6% to 17,692.70 and the S&P BSE Sensex (.BSESN) fell 0.5% to 59,296, in line with broader Asia.

The 6M Euribor decreased with 2 basis points to -0.38% compared to previous business day. The 10Y Swap increased with 5 basis points to 1.32% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.