Indian FX/debt factors to watch - Nov 5

Mon Nov 5, 2012 8:31am IST

Related Topics

Stocks

   

GLOBAL MARKETS ROUNDUP
    * Asian shares fell on Monday, tracking a sell-off in global
shares late last week, as investors continued to shed risk ahead
of the closely fought U.S. presidential election and looked past
a strong U.S. jobs data to fragile economic growth
worldwide. 
    * The U.S. dollar hovered around two-month highs against a
basket of major currencies in Asia on Monday as investors sought
the safe-haven currency given uncertainty surrounding the U.S.
presidential election. 
    * Crude oil and gasoline futures fell more than 2 percent on
Friday after Washington issued a waiver allowing foreign tankers
to bring fuel to the East Coast from U.S. ports, holding out
some promise of relief from supply disruptions caused by
superstorm Sandy. 
    * Prices for long-dated U.S. Treasuries traded near flat on
Friday, paring losses after a strong jobs report, on uncertainty
about next week's presidential election. 

    LOCAL MARKETS CLOSE ON NOV.1
    * BSE index 18,755.45 points (+1.04 pct)  
    * NSE index 5,697.70 points (+0.93 pct) 
    * Rupee 53.8050/8150 per dollar (53.6950/7150)
    * 10-year bond yield 8.20 pct (8.19 pct) 
    * 5-year OIS rate 7.09 pct (7.09 pct) 
    * 1-year OIS rate 7.75 pct (7.75 pct) 
    * Call money 7.95/8.00 pct (8.00/8.05 pct) 
    
    OVERNIGHT NEWS
    * India's economy should expand by 5.5 percent to 6.0
percent this year and growth should then return to 7 percent
next year, Finance Minister P. Chidambaram told Reuters on
Sunday, and said inflation was at an "unacceptable level".
 
    * A high-profile tax dispute between the Indian government
and British telecoms operator Vodafone Group has made it
unlikely that India will sign a foreign investment protection
treaty with Canada during a visit this week by Prime Minister
Stephen Harper, Canada's top diplomat in India said on Sunday.
 
         
    KEY FACTORS/EVENTS TO WATCH
    * India's inter-ministerial panel will hold a two-day review
on coal block allocations to 31 state-run companies.
                   
    MAJOR DEALS/EXTERNAL COMMERCIAL BORROWINGS
    * India's Rural Electrification Corp Ltd has
received bids of over 25 billion rupees ($465.03 million) for
its minimum 5 billion rupees bond sale, four sources with
knowledge of the deal said. 
    
    USD/INR NDFs (NY closing prices) 
    * For up-to-date prices, double click 
      Close      Open      High     Low      Volume
    54.20-25    54.05     54.25    54.06    Moderate
    
    FII INVESTMENTS-EQUITIES (Net dollars)                      
                        
    Nov. 2*                   $71.04 mln#
    Month-to-date**          $127.31 mln 
    Year-to-date**            $18.16 bln         
    * Provisional NSE data         
    ** Source: Data as per custodial filing as on Nov. 2 on SEBI
website.
    #(As per Reuters conversion, $1 = 53.80 rupees)     
             
    FII INVESTMENTS-DEBT (Net Dollars)  *  
                              Debt             
    Nov. 1                -$52.90  mln
    Month-to-date         -$76.13  mln
    Year-to-date            $6.19  bln                    
    * Source: Data as per custodial filing as on Nov. 2 on SEBI
website.
        
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
                                Nov. 2
    Foreign Banks                      -12.19 bln
    Public Sector Banks                  3.14 bln
    Private Sector Banks                -0.87 bln
    Mutual Funds                         8.36 bln 
    Others                               6.92 bln
    Primary Dealers                     -5.35 bln
    Source: Clearing Corp of India Ltd
    
    LIQUIDITY, as of Nov.2
    * The Reserve Bank of India accepted all 21 bids received
for 277.20 billion rupees at its three-day afternoon repo
auction on Friday, through which it injects liquidity into the
banking system. It said it also accepted both bids received for
450 million rupees at its three-day reverse repo auction,
through which it absorbs excess liquidity from the banking
system. 
    * Indian banks' refinancing with RBI rises to 189.77 billion
rupees. 
    * Indian banks' cash balances with RBI fall to 2.98 trillion
rupees. 

 (Compiled by Swati Bhat)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

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