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Indian FX/debt factors to watch - Nov 16
November 16, 2015 / 3:15 AM / 2 years ago

Indian FX/debt factors to watch - Nov 16

GLOBAL MARKETS ROUNDUP
    * Asian stocks fell to six-week lows on Monday and emerging
market currencies wilted as investors sought the safety of the
greenback in the wake of Friday's deadly attacks in Paris and
downbeat economic data. 
    * The euro hit a 6 1/2-month low against the yen and edged
near 6 1/2-month lows against the dollar in Asia on Monday after
the Paris attacks added to caution on the common currency.
 
    * Crude oil futures edged up in early trading on Monday
following the deadly attacks on Paris, but prices remained near
August lows and oil and other commodities are expected to
continue under broad pressure in nervous trading. 
    * Treasury futures prices rose on Sunday in the wake of
deadly attacks last week in Paris, with analysts citing
uncertainty as a catalyst for a risk-off trade. 
         
    INDIAN MARKETS PREVIOUS CLOSE 
    * BSE index 25,610.53 (down 0.99 pct)
    * NSE index 7,762.25 (down 0.80 pct)
    * Rupee 66.0950/1050 per dollar (66.31/32)
    * 10-year bond yield 7.65 pct (7.68 pct)
    * 5-year OIS rate 6.87 pct (6.92 pct)
    * 1-year OIS rate 7.06 pct (7.10 pct)
    * Call money 6.35/6.40 pct (6.80/6.85 pct)

    OVERNIGHT NEWS
    * Senior leaders from India's ruling party are growing
uneasy about an internal rebellion against Prime Minister
Narendra Modi's leadership style, which has punctured his aura
of invincibility and threatens to weaken him further.
 
    * Indian Prime Minister Narendra Modi's political problems
in New Delhi seemed a long way away on Friday as he addressed an
adoring crowd in a stadium daubed in the saffron, white and
green of his country's flag. They were 4,168 miles away, to be
exact. 
    
    FACTORS TO WATCH
    * India's October trade data to be released any day, any
time between Nov. 12 - 19.
    * Finance Minister Arun Jaitley will travel to Dubai to
inaugurate UAE-India Economic Forum meet, a two-day summit,
aiming to attract sovereign funds and investors in the gulf to
invest in India, particularly in the infrastructure sector.
    * India to release wholesale price data for October at 0630
GMT.
    
    FII INVESTMENTS-EQUITIES (Net Dollars)
    Nov 13*                          -$113.00 mln
    Month-to-date**                  -$381.35 mln
    Year-to-date**                      $4.30 bln
    * Provisional exchange data
    ** Source: Data as per latest custodial filing as on Nov. 13
on NSDL's website. 
    
    FII INVESTMENTS-DEBT (Net Dollars)
    Nov 13                             $48.56 mln
    Month-to-date**                    $66.01 mln
    Year-to-date**                     $10.02 bln
    ** Source: Data as per latest custodial filing as on Nov. 13
n NSDL's website, debt utilisation status data, NewsRise
calculation. 
    
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)     
                                                           
                                           Nov 13 
    Foreign Banks                          1.70 bln
    Public Sector Banks                  -12.01 bln
    Private Sector Banks                  11.78 bln
    Mutual Funds                          -5.79 bln
    Others                                -1.12 bln
    Primary Dealers                        5.45 bln
    Constituents                           4.48 bln
   
    INFLOWS
===========================================================
Instrument               Payment    Date           Amount
                                               (mln rupees)
===========================================================
SDL 08.39%, 2017         Interest   Nov 16            209.75
(TAMIL NADU)
SDL 08.40%, 2017         Interest   Nov 16            378.00
(2 States)
SDL 08.48%, 2017         Interest   Nov 16            890.40
(WEST BENGAL)
SDL 08.55%, 2017         Interest   Nov 16            427.50
(UTTAR PRADESH)
SDL 08.69%, 2017         Interest   Nov 16            347.60
(KERALA)
SDL 09.21%, 2024         Interest   Nov 16            598.65
(2 States)
SDL 09.22%, 2024         Interest   Nov 16            737.60
(2 States)
SDL 09.23%, 2024         Interest   Nov 16            461.50
(2 States)
SDL 09.24%, 2024         Interest   Nov 16           1062.60
(3 States)
SDL 09.25%, 2024         Interest   Nov 16              9.25
(MIZORAM)
8.35% 2022               Interest   Nov 16          32147.50
9.15% 2024               Interest   Nov 16          42090.00
===========================================================
For the full table of monthly inflows, see 
===========================================================
    
    ISSUANCES
Paper                  Amount             Date
Treasury bills      140 bln rupees        Nov 18   
       
    LIQUIDITY OPERATIONS ON NOV 13
    * India's cenbank says repo bids fall to 211.74 bln
rupees 
    * India cenbank says Nov 10 refinance 20.69 bln
rupees 
    * India cenbank says banks' cash balances 3.76 trln rupees
on Nov 6 
($1 = 66.10 Indian rupees)

 (Compiled by Swati Bhat)

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