October 15, 2015 / 3:45 AM / 2 years ago

Indian FX/debt factors to watch - Oct 15

GLOBAL MARKETS ROUNDUP
    * Asian shares rose to 2-month highs on Thursday and the
dollar struggled near multi-week lows after weak U.S. economic
data added to expectations that the Federal Reserve will delay
hiking interest rates. 
    * The dollar wallowed around seven-week lows against a
basket of currencies in Asian trading on Thursday, after weak
U.S. sales data prompted investors to scale back bets that the
U.S. Federal Reserve would hike interest rates by the end of
2015. 
    * Brent crude futures hovered near 1-1/2 week lows on
Thursday as a persistent global glut dragged on the market,
while U.S. oil prices extended losses on a jump in domestic
stockpiles. 
    * U.S. Treasury yields hit their lowest levels in over a
week on Wednesday after weaker-than-expected U.S. retail sales
and producer prices data supported views the Federal Reserve
would delay a rate hike until 2016. 
         
    LOCAL MARKETS PREVIOUS CLOSE 
    * BSE index 26,779.66 (down 0.25 pct)
    * NSE index 8,107.90 (down 0.29 pct)
    * Rupee 65.0350/0450 per dollar (65.1825/1925)
    * 10-year bond yield 7.55 pct (7.56 pct)
    * 5-year OIS rate 6.80 pct (6.79 pct)
    * 1-year OIS rate 7.03 pct (7.03 pct)
    * Call money 7.10/7.20 pct (6.70/6.75 pct)

    FACTORS/EVENTS TO WATCH
    * India is expected to release monthly trade data for
September on Oct 15, at around 5 p.m. (1130 GMT), though
officially there is no fixed time for the data release.
         
    Non-deliverable forwards (Pvs day closing levels)
    For live prices see 
    Open        High       Low      Close
    65.36      65.52      65.08    65.07-12
     
    FII INVESTMENTS-EQUITIES (Net Dollars)
    Oct 14*                            $18.77 mln
    Month-to-date**                   $420.16 mln
    Year-to-date**                      $4.08 bln
    * Provisional exchange data
    ** Source: Data as per latest custodial filing as on Oct. 14
on NSDL's website.  
    
    FII INVESTMENTS-DEBT (Net Dollars)
    Oct 14*                           $304.27 mln
    Month-to-date**                     $1.76 bln
    Year-to-date**                      $9.68 bln
    ** Source: Data as per latest custodial filing as on Oct. 14
on NSDL's website, debt utilisation status data, NewsRise
calculation. 
    
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)     
                                                           
                                          Oct 14 
    Foreign Banks                        -2.73 bln
    Public Sector Banks                   2.96 bln
    Private Sector Banks                 -2.46 bln
    Mutual Funds                          9.55 bln
    Others                               -6.10 bln
    Primary Dealers                      -1.21 bln
    Constituents                         18.25 bln
   
    INFLOWS
==============================================================
Instrument               Payment    Date           Amount
                                               (mln rupees)
==============================================================
SDL 08.05%, 2025         Interest   Oct 15            603.75
(2 States)
SDL 08.06%, 2025         Interest   Oct 15            987.35
(2 States)
SDL 08.07%, 2025         Interest   Oct 15            899.81
(3 States)
SDL 08.08%, 2025         Interest   Oct 15            808.00
(UTTAR PRADESH)
91 days T-Bill           Redemption Oct 15          95000.00
364 days T-Bill          Redemption Oct 15          60290.00
==============================================================
For monthly inflows see: 
==============================================================

    ISSUANCES
Paper             Amount (In bln rupees)      Date
Dated bonds             150                  Oct. 16
    
    LIQUIDITY OPERATIONS ON OCT. 14
    * India's cenbank says repo bids rise to 137.84 bln
rupees 
    * Indian banks' refinancing with RBI unchanged at 16.47 bln
rupees 
    * India cenbank says banks' cash balances at 3.68 trln
rupees 
($1 = 65.0570 Indian rupees)

 (Compiled by Swati Bhat)

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