Indian FX/debt factors to watch - Jan 16

Wed Jan 16, 2013 8:37am IST

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GLOBAL MARKETS ROUNDUP
    * Asian shares erased modest gains to edge lower on
Wednesday as cautious investors waited for more clues about the
global growth outlook, while a pause in the yen's declines
spurred profit taking in Japanese equities after their recent
rally. 
    * The yen extended its gain for the second day on Wednesday
after a warning about its excessive weakness by a Japanese
cabinet minister while the euro also slipped after a top
European official complained about its recent gains. 
    * Oil prices dipped in heavy trading on Tuesday, weighed
down by German economic data and concerns about the brewing
fight over the U.S. debt ceiling stoked concerns about fuel
demand. 
    * U.S. Treasury debt prices rose on Tuesday as traders
turned their focus on a looming fight in Washington to raise the
federal debt ceiling, stoking a safety bid for government debt
despite the risk of a federal default. 
       
    LOCAL MARKETS PREVIOUS CLOSE 
    * BSE index 19,986.82 (+0.40)
    * NSE index 6,056.60 (+0.54 pct)
    * Rupee 54.6150/6250 per dollar (54.4950/5050)
    * 10-year bond yield 7.83 pct (7.80 pct) 
    * 5-year OIS rate 7.10 pct (7.12 pct) 
    * 1-year OIS rate 7.49 pct (7.48 pct) 
    * Call money 8.05/8.10 pct (8.00/8.10 pct)
       
    MAJOR DEALS/ACQUISITIONS
    * Qatar Airways is not interested in buying a stake in
Indian budget carrier SpiceJet Ltd or any other Indian
airline, its chief executive said, quashing media reports that
the Gulf carrier was in talks for a potential investment.
 
    * India's Yes Bank Ltd is in talks to buy the
local retail and commercial operations of Royal Bank of Scotland
Group Plc, a source with direct knowledge of the matter
said. 

    USD/INR NDFs (NY closing prices)   
    * For up-to-date prices, double click  
      Close      Open      High     Low      Volume  
    54.87-90    54.75     54.97    54.87      High
    
    FII INVESTMENTS-EQUITIES (Net dollars)                      
                        
    Jan. 15*                 $197.35 mln#
    Month-to-date**            $1.94 bln 
    Year-to-date**             $1.94 bln         
    * Provisional NSE data         
    ** Source: Data as per custodial filing as on Jan. 15 on
SEBI website.
    #(As per Reuters conversion, $1 = 54.60 rupees)     
             
    FII INVESTMENTS-DEBT (Net Dollars)  *  
                              Debt             
    Jan. 14                 -$7.50 mln
    Month-to-date         -$267.87 mln
    Year-to-date          -$267.90 mln                    
    * Source: Data as per custodial filing as on Jan. 15 on SEBI
website.
        
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
                                Jan. 15
    Foreign Banks                      -13.62 bln
    Public Sector Banks                 53.69 bln
    Private Sector Banks               -18.06 bln
    Mutual Funds                       -11.45 bln 
    Others                               3.52 bln
    Primary Dealers                    -14.08 bln
    Source: Clearing Corp of India Ltd
          
    MONEY MARKET INFLOWS
Instrument               Payment    Date              Amount 
8.19% 2020               Interest   Jan 16          30303.00
SDL 07.61%, 2016         Interest   Jan 18            266.54 
(8 States) 
SDL 08.67%, 2017         Interest   Jan 18            216.75 
(KARNATAKA) 
SDL 08.80%, 2022         Interest   Jan 18              8.80 
(ARUNACHAL PRADESH) 
SDL 08.83%, 2022         Interest   Jan 18            529.80 
(GUJARAT) 
SDL 08.84%, 2022         Interest   Jan 18           1215.50 
(3 States) 
SDL 08.85%, 2022         Interest   Jan 18           1508.93 
(4 States) 
SDL 08.88%, 2022         Interest   Jan 18            444.00 
(UTTAR PRADESH) 
SDL 08.89%, 2022         Interest   Jan 18            222.25 
(JAMMU & KASHMIR) 
SDL 08.91%, 2022         Interest   Jan 18            668.25 
(WEST BENGAL) 
91 days T-Bill           Redemption Jan 18          80210.00 
182 days T-Bill          Redemption Jan 18          50000.00
For the entire table click on: 
    
    ISSUANCES
PAPER             AMOUNT           DATE
Dated bonds      120 bln rupees  Jan. 18
T bills          100 bln rupees  Jan. 16

    LIQUIDITY
    * The Reserve Bank of India (RBI) said on Tuesday it
accepted all 26 bids for 841.20 billion rupees at its one-day
repo auction, through which it injects cash into the banking
system. It also accepted both bids for 650 million rupees at its
reverse repo auction, through which it absorbs cash from the
system. 
    * Indian banks' refinancing with RBI rises to 226.76 billion
rupees. 
    * Indian banks' cash balances with RBI rises to 2.98
trillion rupees. 

 (Compiled by Swati Bhat)
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