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Indian FX/debt factors to watch - Oct 20
October 20, 2015 / 3:34 AM / 2 years ago

Indian FX/debt factors to watch - Oct 20

GLOBAL MARKETS ROUNDUP
    * Asian equities fell across the board on Tuesday after
commodity prices languished in the wake of China growth woes and
dampened risk sentiment, while the euro hovered near a 10-day
low ahead of a European Central Bank meeting that could open the
door for more monetary easing. 
    * The dollar gave back some of its overnight gains against
the euro on Tuesday after marking a 10-day high ahead of this
week's European Central Bank meeting, which some investors
believe could set the stage for additional stimulus later this
year. 
    * Oil prices rebounded in Asian trade on Tuesday as traders
covered short positions after prices fell at least 3 percent in
the previous session, but gains were capped by worries about
oversupply and the health of the global economy. 
    * Yields on longer dated U.S. Treasuries inched ahead on
Monday after Chinese economic data boosted hopes among investors
that slowing overseas growth will not drag on America's
long-running expansion. 
         
    LOCAL MARKETS PREVIOUS CLOSE 
    * BSE index 27,364.92 (up 0.55 pct)
    * NSE index 8,275.05 (up 0.45 pct)
    * Rupee 64.80/81 per dollar (64.8050/8150)
    * 10-year bond yield 7.57 pct (7.6pct)
    * 5-year OIS rate 6.73 pct (6.74 pct)
    * 1-year OIS rate 7.02 pct (7.02 pct)
    * Call money 6.80/6.85 pct (6.50/6.55 pct)

    OVERNIGHT NEWS
    * Standard & Poor's kept India's sovereign rating at the
lowest investment grade of "BBB-minus" and a "stable" outlook,
saying factors such as its sound external position were offset
by low income and weak public finances. 
    * India's main programme to fight child malnutrition has
been hit by budget cuts that make it difficult to pay wages of
millions of health workers, a cabinet minister said on Monday in
a rare public criticism of Prime Minister Narendra Modi's
policies. 
    
    FII INVESTMENTS-EQUITIES (Net Dollars)
    Oct 19*                           $138.58 mln
    Month-to-date**                   $589.64 mln
    Year-to-date**                      $4.25 bln
    * Provisional exchange data
    ** Source: Data as per latest custodial filing as on Oct. 16
on NSDL's website.   
    
    FII INVESTMENTS-DEBT (Net Dollars)
    Oct 19*                             $3.09 mln
    Month-to-date**                     $2.24 bln
    Year-to-date**                     $10.20 bln
    ** Source: Data as per latest custodial filing as on Oct. 19
on NSDL's website, debt utilisation status data, NewsRise
calculation. 
    
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)     
                                                           
                                          Oct 19 
    Foreign Banks                        -1.22 bln
    Public Sector Banks                  20.46 bln
    Private Sector Banks                  3.62 bln
    Mutual Funds                         -3.36 bln
    Others                                1.36 bln
    Primary Dealers                     -20.86 bln
    Constituents                         10.97 bln
   
    INFLOWS
==============================================================
Instrument               Payment    Date           Amount
                                               (mln rupees)
==============================================================
SDL 08.30%, 2017         Interest   Oct 20            451.11
(4 States)
SDL 08.30%, 2017         Interest   Oct 21            311.25
(RAJASTHAN)
SDL 08.44%, 2021         Interest   Oct 21            748.21
(WEST BENGAL)
91 days T-Bill           Redemption Oct 21         107530.00
182 days T-Bill          Redemption Oct 21          60411.10
==============================================================
For monthly inflows see: 
==============================================================

    ISSUANCES
Paper             Amount (In bln rupees)      Date
Treasury bills          140                  Oct. 21
Dated bonds             150                  Oct. 23
    
    LIQUIDITY OPERATIONS ON OCT. 19
    * India's cenbank says repo bids rise to 135.61 bln
rupees 
    * Indian banks' refinancing with RBI unchanged at 18.04 bln
rupees 
    * India cenbank says banks' cash balances rise to 3.72 trln
rupees 
($1 = 64.80 Indian rupees)

 (Compiled by Swati Bhat)

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