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)
  • Most Popular
  • Most Shared

Pending Reform

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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