MARKET EYE-India OIS lower; fuel price hike awaited

Tue Sep 11, 2012 11:50am IST

* India 1-year rate falls 1 bp to 7.74 percent,
while 5-year OIS rate down 2 bps to 7.17 percent.
* Dealers await outcome of cabinet panel meet, scheduled at 1745
local time, with media reports citing fuel price hike may be on
agenda.
* Bond market looking at any possible price hike in domestic
fuel prices as positive as it will be a signal towards fiscal
consolidation.
* RBI has said it will act on rates only when the government
takes steps to address its large fiscal gap.
* Cash beginning to tighten in advance tax outflow week with
repo bids rising to 513.90 billion rupees from a near year-low
of 21.20 billion rupees last week. 

 (subhadip.sircar@thomsonreuters.com;
subhadip.sircar.thomsonreuters.com@reuters.net)
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economic Pulse

REUTERS SHOWCASE

NSEL Fraud

NSEL Fraud

Govt orders Financial Tech to absorb NSEL, liabilities  Full Article 

Stalemate

Stalemate

WTO prepares for crisis talks as India keeps veto on global deal.  Full Article 

Deal Talk

Deal Talk

Smartphone repair company B2X steps up expansion with Indian deal.  Full Article 

Earnings Season

Earnings Season

HDFC Bank eyes pickup in corporate credit.  Full Article 

JLR China

JLR China

JLR sees 20 percent growth in China sales this year - exec  Full Article 

Iron Ore Imports

Iron Ore Imports

JSW Steel to boost iron ore imports by up to 80 percent.  Full Article 

Pollution Levels

Pollution Levels

Delhi braces for worst air quality this Diwali week.  Full Article 

Remembering Margerie

Remembering Margerie

Total’s "Big Moustache"- bon vivant, deal-maker and risk-taker .  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage