Indian FX/debt factors to watch - Dec 10

Mon Dec 10, 2012 8:12am IST

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GLOBAL MARKETS ROUNDUP
    * Asian shares crept higher on Monday as investors took
heart from economic data from China and the United States that
raised hopes about the outlook for growth in the world's top two
economies. 
    * The euro came under pressure in Asia on Monday as the
prospect of a recession in Germany and renewed concerns about
Italy weighed on sentiment, while strong Chinese data helped
support the Australian dollar. 
    * Oil prices were little changed on Friday after data
showing U.S. job growth offset statements by U.S. Republican
lawmaker John Boehner indicating deadlock in talks to avert a
U.S. budget crisis.  
    * U.S. Treasuries fell on Friday after
stronger-than-expected U.S. job growth pushed investors into
riskier assets at the expense of safe-haven U.S. government
debt. 
 

    LOCAL MARKETS PREVIOUS CLOSE 
    * BSE index 19,424.10 points (-0.32 pct)
    * NSE index 5,907.40 points (-0.4 pct)
    * Rupee 54.47/48 per dollar (54.135/145)
    * 8.33 percent 2026 bond 8.25 pct (8.26 pct) 
    * 10-year bond yield Shut period (8.17 pct) 
    * 5-year OIS rate 7.06 pct (7.11 pct) 
    * 1-year OIS rate 7.64 pct (7.70 pct) 
    * Call money 7.95/8.00 pct Fri close (8.10/8.15
pct)
    
    OVERNIGHT NEWS
    * A panel of Indian ministers wants to cut the reserve price
of mobile phone airwaves by 30 percent in four zones to attract
bidders that shunned last month's auction because the prices
were too high. (Reuters) 

   KEY FACTORS/EVENTS TO WATCH
    * India trade data for November at 0630GMT
    * India auto sales for November at 0430GMT
    * India parliament watched for banking law amendment bill.
    
        MAJOR DEALS/ACQUISITIONS
    * Wipro Ltd, India's No.3 software services
provider, will acquire L.D. Waxson Group, a Singapore-based
consumer goods company, in an all-cash deal worth about $144
million, the Indian company said in a statement. (Reuters)
 


    USD/INR NDFs (NY closing prices)  
    * For up-to-date prices, double click 
      Close      Open      High     Low      Volume 
    54.64-67    54.70     54.84    54.57      High

    FII INVESTMENTS-EQUITIES (Net dollars)                      
                        
    Dec. 7*                  $119.14 mln#
    Month-to-date**            $1.13 bln 
    Year-to-date**            $20.91 bln         
    * Provisional NSE data         
    ** Source: Data as per custodial filing as on Dec. 7 on SEBI
website.
    #(As per Reuters conversion, $1 = 54.475 rupees)     
             
    FII INVESTMENTS-DEBT (Net Dollars)  *  
                              Debt             
    Dec. 6                  $53.71 mln
    Month-to-date         -$389.78 mln
    Year-to-date             $5.94 bln                    
    * Source: Data as per custodial filing as on Dec. 7 on SEBI
website.
        
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
                                Dec. 7
    Foreign Banks                        7.47 bln
    Public Sector Banks                -16.23 bln
    Private Sector Banks                -6.77 bln
    Mutual Funds                        11.03 bln 
    Others                              -3.92 bln
    Primary Dealers                      8.43 bln
    Source: Clearing Corp of India Ltd
    
    WEEKLY GOVERNMENT AUCTIONS 
MATURITIES                 DATE          AMOUNT (In rupees)   
OMO                       Dec. 11             120 bln
T-Bills                   Dec. 12             100 bln
    LIQUIDITY
    * The Reserve Bank of India said on Friday it accepted all
35 bids for 1.03 trillion rupees at its three-day repo auction,
through which it injects liquidity into the banking system. It
said it accepted both bids for 18.02 billion at its reverse repo
auction through which it absorbs liquidity from the system.
 
    * Indian banks' refinancing with RBI rises to 246.44 billion
rupees. 
    * Indian banks' cash balances with RBI falls to 2.96
trillion rupees. 

 (Compiled by Subhadip Sircar)
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