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Indian FX/debt factors to watch - Nov 20
November 20, 2014 / 3:07 AM / 3 years ago

Indian FX/debt factors to watch - Nov 20

    * Asian stocks mostly fell on Thursday as fresh data
signalling a further loss of momentum in China's economy weighed
on sentiment, while the yen slid to multi-year lows against the
dollar and euro. 
    * The yen slid on Thursday, striking seven-year lows against
the dollar and a six-year trough versus the euro as speculators
poured into carry trades funded by a tide of super-cheap
liquidity from the Bank of Japan. 
    * Oil prices fell for a third straight day on Wednesday, as
early gains on talk of a possible OPEC output cut vanished after
the Federal Reserve released minutes of last month's policy
meeting revealing worries that U.S. inflation could remain below
target for "quite some time." 
    * The U.S. bond market's gauges of inflation expectations
fell to their lowest in more than a month on Wednesday after
minutes of the Federal Reserve's October meeting suggested the
U.S. central bank remained on track to raise interest rates next
    * BSE index 28,032.85 (down 0.46 pct)
    * NSE index 8,382.30 (down 0.52 pct)
    * Rupee 61.96/97 per dlr (61.74/74)
    * 10-year bond yield 8.16 pct (8.15 pct)  
    * 5-year OIS rate 7.40 pct (7.38 pct)
    * 1-year OIS rate 8.01 pct (7.99 pct)
    * Call money 7.50/7.60 pct (7.80/7.90 pct)
    * India's securities regulator on Wednesday approved new
rules on insider trading that will replace a two-decade old law
as part of efforts to boost investor confidence in markets.
    * India's JSW Steel Ltd and Algeria's Cevital have
submitted final bids for the troubled Lucchini Piombino
steelmaking complex, Italy's second-largest steel producer,
which is battling for survival. 
    *  Bharti Airtel's planned disposal of mobile
phone towers in Africa will see it sell masts in Tanzania to
Helios Towers, while units in Malawi will go to Eaton Towers, a
person with knowledge of the deal said. 
    USD/INR NDFs (NY closing prices) 
    For up-to-date prices, double click 
     Open     High     Low       Close      Volume
    62.14    62.33    62.27     62.31-33      N/A
    Nov 19*                       $11.58 mln                 
    Month-to-date**                $1.78 bln
    Year-to-date**                $15.48 bln
    * Provisional NSE data         
    ** Source: Data as per the latest custodial filing as on
Nov. 19 on NSDL's website.

    FII INVESTMENTS-DEBT (Net Dollars)  Debt
    Nov. 18                     $212.69 mln                 
    Month-to-date                 $1.20 bln
    Year-to-date                 $23.74 bln
    * Source: Data as per latest custodial filing as on Nov 19
on NSDL's website.
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees) 
                                          Nov 19
    Foreign Banks                       -11.50 bln
    Public Sector Banks                  26.00 bln
    Private Sector Banks                 -5.02 bln
    Mutual Funds                          9.35 bln
    Others                                3.73 bln
    Primary Dealers                     -22.57 bln
Instrument               Payment    Date           Amount
                                               (mln rupees)
SDL 07.77%, 2015         Interest   Nov 19           2934.78
(26 States)
10.79% 2015              Interest   Nov 19            539.16
For detailed inflows for November, see: 
Government Bonds              140 bln rupees            Nov. 21
    * The Reserve Bank of India said on Wednesday it accepted
all 25 bids for 109.14 billion rupees ($1.77 billion) at its
one-day repo auction, through which it injects liquidity into
the banking system. 
    * Indian banks' refinancing with RBI falls to 44.19 billion
    * Indian banks' cash balances with RBI rise to 3.37 trillion

 (Compiled by Swati Bhat)

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