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Indian FX/debt factors to watch - Oct 1
October 1, 2014 / 3:02 AM / 3 years ago

Indian FX/debt factors to watch - Oct 1

GLOBAL MARKETS ROUNDUP
    * Asian shares got off on the back foot on Wednesday as
continued civil unrest in Hong Kong sapped confidence, while the
dollar index was in sight of a four-year high after marking its
best quarterly gain in six years. 
    * The dollar rose above 110 yen for the first time since
August 2008 on Wednesday, continuing to ride on bullish momentum
against its peers generated by gains against a flagging
euro. 
    * Brent oil futures edged up above $95 a barrel on Wednesday
as a positive Chinese economic survey helped the crude benchmark
start October firmer after it fell to its weakest level since
2012 in the previous session. 
    * U.S. Treasury prices fell on Tuesday, although month-end
buying was seen as stemming weakness as the market stayed within
its recent range before Friday's highly anticipated September
jobs report. 
                    
    LOCAL MARKETS PREVIOUS CLOSE
    * BSE index 26,630.51 (up 0.13 pct)
    * NSE index 7,964.80(up 0.07 pct)
    * Rupee 61.7450/7550 per dlr (61.53/54) 
    * 10-year bond yield 8.51 pct (8.49 pct)  
    * 5-year OIS rate 7.87 pct (7.83 pct)
    * 1-year OIS rate 8.45 pct (8.41 pct) 
    * Call money 8.05/8.15 pct (7.60/7.70 pct)

    KEY FACTORS/EVENTS TO WATCH
    * India will release money supply data. 4:00 p.m. India time
   
    KEY DEALS
    * Mytrah Energy is set to become the first Indian energy
company to follow Greenko Group's lead and issue offshore bonds
under a back-to-back security and borrowing structure. 
    
 
    FII INVESTMENTS-EQUITIES (Net dollars)
    Sept 30*                    -$78.69 mln
    Month-to-date**             $845.48 mln
    Year-to-date**               $13.88 bln
    * Provisional NSE data         
    ** Source: Data as per the latest custodial filing as on
Sept. 30 on NSDL's website.

    FII INVESTMENTS-DEBT (Net Dollars)  Debt
    Sept 29                     -$26.06 mln
    Month-to-date                 $2.61 bln
    Year-to-date                 $19.62 bln
    * Source: Data as per latest custodial filing as on Sept. 30
on NSDL's website.
                              
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees) 
                                          Sept. 30
    Foreign Banks                       -22.70 bln
    Public Sector Banks                  48.25 bln
    Private Sector Banks                -12.10 bln
    Mutual Funds                         -4.15 bln
    Others                                4.68 bln
    Primary Dealers                     -13.98 bln
    Source: Clearing Corp of India Ltd
    
    ISSUANCES
    T Bills               150 billion rupees     Oct 1

    LIQUIDITY
    * The Reserve Bank of India to conduct 160 bln rupees of
16-day term repo auction on Oct 1. 
    * Indian banks' refinancing with RBI rises to 103.93 billion
rupees. 
    * Indian banks' cash balances with RBI at 3.31 trillion
rupees. 

(1 US dollar = 61.7500 Indian rupee)

 (Compiled by Mumbai Treasury Team)

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