July 6, 2015 / 3:15 AM / 2 years ago

Indian FX/debt factors to watch - July 6

GLOBAL MARKETS ROUNDUP
    * Asian stocks and the euro stumbled on Monday after a Greek
vote against austerity measures endangered its future in the
single currency and raised the risk of a full-blown crisis in
the euro zone. 
    * The euro fell on Monday, while the safe-haven yen rallied
after Greeks voted to reject terms of a rescue package,
deepening the country's financial crisis that could splinter
Europe if creditors refuse further aid. 
    * Oil prices fell sharply early on Monday after Greece
rejected austerity measures demanded in return for bailout money
and as China rolled out an unprecedented series of steps to
prevent a full-blown stock market crash. 
    * U.S. Treasuries prices rose on Thursday, rebounding from
the prior day's selloff, as data showed an improving labor
market cooled in June, raising doubts whether the Federal
Reserve would end its near-zero interest rate policy later this
year. 
         
    LOCAL MARKETS PREVIOUS CLOSE 
    * BSE index 28,092.79 (up 0.53 pct)
    * NSE index 8,484.90 (up 0.47 pct)
    * Rupee 63.44/45 per dollar (63.51/52)
    * 10-year bond yield 7.80 pct (7.81 pct)
    * 5-year OIS rate 7.18 pct (7.21 pct)
    * 1-year OIS rate 7.45 pct (7.49 pct)
    * Call money 7.00/7.10 pct (6.95/7.00 pct)
    
    KEY DEALS
    * India's Aditya Birla Finance Ltd plans to raise funds
selling bonds maturing in three years, four merchant bankers
told Newsrise on Friday. The non-banking financial company will
offer an annual coupon of 8.93 percent on the notes, they added.
 
    * India's Reliance Jio Infocomm is likely to issue bonds
maturing in three years, say dealers. The company is looking to
raise as much as 20 billion rupees via bond sale and will offer
annual coupon of 8.87 percent to its investors, they told
Newsrise. 
    * State-owned National Bank for Agriculture and Rural
Development, or Nabard, on Friday invited bids for a bond
offering of 3 years. The issuer kept the base size of the
offering at 2 billion rupees ($31 million) but can retain 20
billion rupees under the greenshoe option, taking the total
offering to 22 billion rupees. 
    
    Non-deliverable forwards Pvs Day
    For live prices see 
    Open        High         Low         Close
    63.70      63.75        63.70       63.69-72
        
    FII INVESTMENTS-EQUITIES (Net dollars) 
    July 3*                           $2.51 mln
    Month-to-date**                  $27.65 mln
    Year-to-date**                    $6.38 bln
    * Provisional NSE data         
    ** Source: Data as per latest custodial filing as on July 3
on NSDL's website. 
    
    FII INVESTMENTS-DEBT (Net Dollars) INFII INFII01*
    July 3                            $28.37 mln
    Month-to-date                    -$24.54 mln
    Year-to-date                       $7.98 bln
    Source: Data as per latest custodial filing as on July 3
on NSDL's website, debt utilisation status data, NewsRise
calculation 

    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)     
                                                           
                                           July 3  
    Foreign Banks                         15.91 bln
    Public Sector Banks                   -9.63 bln
    Private Sector Banks                   3.32 bln
    Mutual Funds                          -8.69 bln
    Others                                -0.71 bln
    Primary Dealers                       -1.97 bln
    Constituents                           7.79 bln
    
    INFLOWS
============================================================
Instrument               Payment    Date           Amount
                                               (mln rupees)
============================================================
SDL 08.22%, 2020         Interest   Jul 06             41.10
(HIMACHAL PRADESH)
SDL 08.23%, 2020         Interest   Jul 06             82.30
(PUNJAB)
SDL 08.30%, 2020         Interest   Jul 06            622.50
(2 States)
SDL 08.32%, 2020         Interest   Jul 06           1062.05
(2 States)
SDL 08.33%, 2020         Interest   Jul 06            624.75
(GUJARAT)
SDL 08.38%, 2021         Interest   Jul 06            209.50
(GUJARAT)
SDL 08.39%, 2021         Interest   Jul 06            849.49
(3 States)
SDL 08.42%, 2021         Interest   Jul 06            201.70
(JAMMU & KASHMIR)
SDL 08.64%, 2021         Interest   Jul 06            324.00
(TAMIL NADU)
SDL 08.65%, 2021         Interest   Jul 06            519.00
(2 States)
SDL 08.66%, 2021         Interest   Jul 06            779.40
(ANDHRA PRADESH)
SDL 08.69%, 2021         Interest   Jul 06            651.75
(UTTAR PRADESH)
=============================================================
For the full table of June inflows, see: 
============================================================= 
    
    ISSUANCES
    PAPER               AMOUNT            DATE
Treasury bills       140 bln rupees      July 8
      
    LIQUIDITY OPERATIONS ON JULY 3
    * India cbank says repo bids fall to 20.39 bln rupees
 
    * Indian banks' refinancing with RBI unchanged at 55.42 bln
rupees 
    * India cbank says banks' cash balances fall to 3.61 trln
rupees 

 (Compiled by Swati Bhat)

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