Indian FX/debt factors to watch - Jan 2

Wed Jan 2, 2013 8:30am IST

Related Topics

GLOBAL MARKETS ROUNDUP
    * Asian stocks started new year trading with tentative gains
as investors anxiously wait to see if the U.S. Congress can
strike a last-minute compromise and avert the harsh "fiscal
cliff" tax rises and spending cuts that are technically already
in force. 
    * The safe haven dollar fell on Wednesday as the U.S. House
of Representatives seemed to take a step closer to striking a
last-minute deal to avoid triggering a fiscal crunch that could
threaten the global economy. 
    * Brent crude rose on Monday, closing 2012 up for the fourth
straight year after geopolitical threats to production offset
worries about flagging oil demand. 
    * U.S. Treasury debt prices eased on Monday with long,
30-year bonds falling over a point in price as lawmakers in
Washington came closer to reaching an agreement to avert the
"fiscal cliff." 

    LOCAL MARKETS PREVIOUS CLOSE 
    * BSE index 19,580.81 (0.79 pct)
    * NSE index 5,950.85 (0.77 pct)
    * Rupee 54.68/69 per dollar (54.99/55.00)
    * 10-year bond yield 7.99 pct (8.05 pct) 
    * 5-year OIS rate 7.10 pct (7.12 pct) 
    * 1-year OIS rate 7.59 pct (7.60 pct) 
    * Call money 8.00/8.05 pct (8.90/9.00 pct)
    
    OVERNIGHT NEWS
    * India's central bank said on Tuesday the monetary policy
department would directly report to Governor Duvvuri Subbarao
till further orders, with Subir Gokarn's term as a deputy
governor coming to a close. 
       
    USD/INR NDFs (NY closing prices)   
    * For up-to-date prices, double click  
      Close      Open      High     Low      Volume  
    54.92-97    55.07     55.29    54.93    Moderate
    
    FII INVESTMENTS-EQUITIES (Net dollars)                      
                        
    Jan. 1*                  $121.58 mln#
    Month-to-date (Dec)**      $4.75 bln 
    Year-to-date (2012)**     $24.55 bln         
    * Provisional NSE data         
    ** Source: Data as per custodial filing as on Jan. 1 on SEBI
website.
    #(As per Reuters conversion, $1 = 54.70 rupees)     
             
    FII INVESTMENTS-DEBT (Net Dollars)  *  
                              Debt             
    Dec. 31                 $66.58 mln
    Month-to-date (Dec)    $379.75 mln
    Year-to-date (2012)      $6.86 bln                    
    * Source: Data as per custodial filing as on Jan. 1 on SEBI
website.
        
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
                                Jan. 1
    Foreign Banks                        6.63 bln
    Public Sector Banks                 -2.75 bln
    Private Sector Banks               -18.65 bln
    Mutual Funds                        12.40 bln 
    Others                               8.50 bln
    Primary Dealers                     -6.14 bln
    Source: Clearing Corp of India Ltd
       
    ISSUANCES
ASSET                 DATE         AMOUNT (IN RUPEES)
T-Bills               Jan 2        100 bln              
    
    MONEY MARKET INFLOWS
Instrument               Payment    Date           Amount 
                                               (mln rupees)
8.24% FRB 2015           Interest   Jan 02           2472.00 
12.30% 2016              Interest   Jan 02           8074.86 
8.38% FRB 2017           Interest   Jan 02           1257.00 
6.25% 2018               Interest   Jan 02           5277.13 
5.64% 2019               Interest   Jan 02           2820.00 
6.35% 2020               Interest   Jan 02          19367.50 
8.30% 2040               Interest   Jan 02          29880.00 
8.07% JUL 2017           Interest   Jan 03          17754.00 
SDL 08.89%, 2022         Interest   Jan 04            222.25 
(RAJASTHAN) 
SDL 08.90%, 2022         Interest   Jan 04            578.50 
(2 States) 
SDL 08.91%, 2022         Interest   Jan 04            637.07 
(2 States) 
SDL 08.92%, 2022         Interest   Jan 04             22.30 
(MEGHALAYA) 
91 days T-Bill           Redemption Jan 04          80000.00 
182 days T-Bill          Redemption Jan 04          50000.00 
        
    LIQUIDITY
    * The Reserve Bank of India (RBI) said on Tuesday it
accepted all 48 bids for 1.50 trillion rupees at its one-day
repo auction, through which it injects cash into the banking
system. It also accepted all 3 bids for 24.30 billion rupees at
its reverse repo auction, through which it absorbs cash from the
system. 
    * Indian banks' refinancing with RBI rises to 241.64 billion
rupees. 
    * Indian banks' cash balances with RBI falls to 2.69
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

Iron Ore Mining

REUTERS SHOWCASE

Telecom Sector

Telecom Sector

RIL telecoms unit in tower lease pact with ATC  Full Article 

Japanese Economy

Japanese Economy

Japan exports growth slows sharply, keeps pressure on BOJ to act  Full Article 

A Tough Sell

A Tough Sell

Insurance against a China financial crisis  Full Article 

Tyre Debris

Tyre Debris

Bangalore-bound Malaysia Airlines plane turns back after tyre burst on takeoff  Full Article 

Digital Currency

Digital Currency

At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape  Full Article 

Reuters India Mobile

Reuters India Mobile

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