October 7, 2013 / 3:04 AM / in 4 years

Indian FX/debt factors to watch - Oct 7

GLOBAL MARKETS ROUNDUP
    * The dollar, oil prices and U.S. stock futures eased on
Monday as politicians in Washington showed no signs of making
progress to resolve the U.S. budget standoff, while safe-haven
gold inched higher. 
    * The dollar was on the back foot against the yen and the
Swiss franc in early Asian trade on Monday as the weekend
produced little progress in Washington over the U.S. budget
standoff, keeping the greenback stuck close to eight-month lows
against a basket of major currencies. 
    * Oil eked out its first gain in three weeks as half of oil
production in the U.S. Gulf of Mexico was offline from an
approaching storm. 
    * Ultra short-term Treasury bill yields hovered near
10-month highs on Friday as investors enter the weekend with
growing concerns about the possibility of a U.S. government
default. 
                    
    LOCAL MARKETS PREVIOUS CLOSE
    * BSE index 19,915.95 (0.07 pct)
    * NSE index 5,907.30 (-0.04 pct)
    * Rupee 61.43/44 per dollar (61.735/745)
    * 10-year bond yield 8.61 pct (8.64 pct) 
    * 5-year OIS rate 8.24 pct (8.29 pct) 
    * 1-year OIS rate 8.64 pct (8.67 pct) 
    * Call money 9.00/9.10 pct (9.45/9.55 pct)
    
    FACTORS TO WATCH
    * Interview with Indian Finance Minister P. Chidambaram
following weeks of turmoil in the financial markets, which saw
the rupee slide to record lows, and ahead of his latest trip to
the United States where he will again to seek to woo investors. 
     
    OVERNIGHT NEWS
    * Wal-Mart Stores Inc's retail plans with India
partner Bharti Enterprises are "not tenable" and both sides are
looking for the best way to move forward, an executive with the
U.S. retailer told Reuters. 
    * India's customs department has cleared more than a tonne
of gold, part of which was owned by Bank of Nova Scotia
, the biggest gold importing bank, at Mumbai airport
after rule clarifications at a high-level meeting held last
month, industry and bank officials said on Saturday.
 
        
    MAJOR DEBT SALES/LOANS/MERGERS
    * Renewable Power Ventures has raised a 4.579 billion rupees
13-year loan via Yes Bank. 
    * Yes Bank has also closed a 500 million rupees loan for
Manipal University Jaipur. 
    * Housing Development Finance Corp, India's
biggest mortgage lender, plans to raise up to 10 billion rupees
($161.90 million) through the sale of three-year bonds at 9.75
percent.     

        
     USD/INR NDFs (NY closing prices)    
    * For up-to-date prices, double click        
      Close      Open     High      Low      Volume        
     61.94-98    61.93    62.18     61.91      High
        
    FII INVESTMENTS-EQUITIES (Net dollars)                      
                        
    Oct. 4*                   $88.17 mln#
    Month-to-date**           $90.87 mln
    Year-to-date**            $13.74 bln
    * Provisional NSE data         
    ** Source: Data as per custodial filing as on Oct. 4 on SEBI
website.
    #(As per Reuters conversion, $1 = 61.4 rupees)     
             
    FII INVESTMENTS-DEBT (Net Dollars)  *   
                                 Debt             
    Oct. 3                     -$161.54 mln
    Month-to-date              -$544.15 mln
    Year-to-date                 -$6.22 bln
    * Source: Data as per custodial filing as on Oct. 4 on SEBI
website.
        
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
                                  Oct. 4
    Foreign Banks                          9.38 bln
    Public Sector Banks                    6.44 bln
    Private Sector Banks                  22.17 bln
    Mutual Funds                          -5.90 bln 
    Others                                 6.68 mln
    Primary Dealers                       -38.78 bln
    Source: Clearing Corp of India Ltd
    
    INFLOWS
    
 Instrument               Payment    Date           Amount 
                                               (mln rupees) 
============================================================ 
SDL 07.65%, 2019         Interest   Oct 07            191.25 
(WEST BENGAL) 
SDL 08.20%, 2019         Interest   Oct 07            123.00 
(PUNJAB) 
SDL 08.21%, 2019         Interest   Oct 07            205.25 
(RAJASTHAN) 
SDL 08.22%, 2019         Interest   Oct 07            904.20 
(2 States) 
SDL 08.23%, 2019         Interest   Oct 07            617.25 
(GUJARAT) 
SDL 08.24%, 2019         Interest   Oct 07            103.53 
(2 States) 
SDL 08.27%, 2019         Interest   Oct 07            723.63 
(MAHARASHTRA) 
SDL 08.34%, 2020         Interest   Oct 07            208.50 
(PUNJAB) 
SDL 08.35%, 2020         Interest   Oct 07            626.25 
(2 States) 
SDL 08.37%, 2020         Interest   Oct 07             41.85 
(GOA) 
SDL 08.47%, 2019         Interest   Oct 07            635.25 
(UTTAR PRADESH) 
SDL 08.49%, 2019         Interest   Oct 07            424.50 
(BIHAR) 
SDL 08.36%, 2021         Interest   Oct 08           1755.60 
(3 States) 
SDL 08.39%, 2021         Interest   Oct 08            209.75 
(UTTARAKHAND) 
SDL 08.50%, 2018         Interest   Oct 08            340.00 
(KERALA) 
SDL 08.55%, 2018         Interest   Oct 08             90.54 
(JAMMU & KASHMIR) 
SDL 08.89%, 2018         Interest   Oct 08            444.50 
(UTTAR PRADESH) 
SDL 07.77%, 2019         Interest   Oct 09            349.65 
(2 States) 
SDL 08.31%, 2017         Interest   Oct 09            300.12 
(MAHARASHTRA) 
SDL 08.32%, 2017         Interest   Oct 09            811.20 
(2 States) 
SDL 08.40%, 2017         Interest   Oct 09            840.00 
(WEST BENGAL) 
6.30% 2023               Interest   Oct 09           4095.00 
SDL 08.31%, 2017         Interest   Oct 10            103.88 
(HIMACHAL PRADESH) 
SDL 08.49%, 2023         Interest   Oct 10            281.44 
(HARYANA) 
SDL 08.50%, 2023         Interest   Oct 10            127.50 
(3 States) 
SDL 08.51%, 2023         Interest   Oct 10            638.25 
(PUNJAB) 
91 days T-Bill           Redemption Oct 10         105855.00 
SDL 09.17%, 2022         Interest   Oct 11            618.98 
(2 States) 
SDL 09.20%, 2022         Interest   Oct 11            690.00 
(ANDHRA PRADESH) 
7.83% 2018               Interest   Oct 11          28579.50 
7.80% 2021               Interest   Oct 11          26520.00 
182 days T-Bill          Redemption Oct 11          50010.00 
7.59% 2016               Interest   Oct 12          25806.00

    
    ISSUANCES
PAPER                  AMOUNT (In Bln Rupees)     DATE
Tbill                   120                      Oct 9 
OMO                     100                      Oct 7  
SDL                     101.20                   Oct 8          
         
    LIQUIDITY
    * The RBI accepted all 67 bids for 379.64 billion rupees at
its three-day repo auction. It also accepted nine bids for 20.04
billion rupees at its three-day reverse repo auction, through
which it absorbs excess liquidity from the banking system.Ÿ
 
    * Indian banks' refinancing with RBI lower at 421.64 billion
rupees. 
    * Indian banks' cash balances with RBI fall to 3.24 trillion
rupees. 

 (Compiled by Archana Narayanan)

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