Indian FX/debt factors to watch - Nov 23

Fri Nov 23, 2012 8:43am IST

GLOBAL MARKETS ROUNDUP
    * Asian shares ambled higher on Friday and were on course
for a weekly gain of more than 2 percent, their best in two
months, after manufacturing surveys from China and the United
States raised hopes that the global growth outlook is improving
at last. 
    * The yen inched higher against the dollar on Friday,
getting some respite after having fallen sharply over the past
two weeks on expectations of more forceful monetary easing in
Japan. 
    * Oil dipped in moribund trade on Thursday, as a ceasefire
in the Gaza Strip eased supply concerns and gloomy manufacturing
data for Europe tempered upbeat figures from China. 
    * U.S. Treasuries prices slipped for a third day on
Wednesday in light trading volume as investors took profits on a
recent rally that pushed yields to two-month lows, while the
Federal Reserve sold short-term debt and the Treasury auctioned
securities. 

    LOCAL MARKETS PREVIOUS CLOSE 
    * BSE index 18,517.34 points (0.31 pct)
    * NSE index 5,627.75 points (0.23 pct)
    * Rupee 55.21/22 per dollar (55.11/12)
    * 10-year bond yield 8.23 pct (8.21 pct) 
    * 5-year OIS rate 7.19 pct (7.17 pct) 
    * 1-year OIS rate 7.76 pct (7.76 pct) 
    * Call money 8.05/8.10 pct (8.00/8.10 pct)
    
    OVERNIGHT NEWS
    * India's cabinet approved on Thursday a 9.5 percent
government stake sale in state-run power producer NTPC Ltd
, a minister told reporters, to help rein in its
ballooning fiscal deficit. 
    * India's fiscal deficit could miss the revised official
target and swell to as much as 5.6 percent of GDP, a top
government official told Reuters on Thursday, making it tougher
for the government to avoid a credit rating downgrade.
 
    
    USD/INR NDFs (NY closing prices)  
    * For up-to-date prices, double click 
      Close      Open      High     Low      Volume 
    55.45-49    55.44     55.57    55.46    Moderate

    FII INVESTMENTS-EQUITIES (Net dollars)                      
                        
    Nov. 22*                  $33.08 mln#
    Month-to-date**            $1.02 bln 
    Year-to-date**            $19.05 bln         
    * Provisional NSE data         
    ** Source: Data as per custodial filing as on Nov. 22 on
SEBI website.
    #(As per Reuters conversion, $1 = 55.20 rupees)     
             
    FII INVESTMENTS-DEBT (Net Dollars)  *  
                              Debt             
    Nov. 21                -$74.59 mln
    Month-to-date         -$131.96 mln
    Year-to-date             $6.14 bln                    
    * Source: Data as per custodial filing as on Nov. 22 on SEBI
website.
        
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
                                Nov. 22
    Foreign Banks                       -6.62 bln
    Public Sector Banks                  9.74 bln
    Private Sector Banks                 2.17 bln
    Mutual Funds                         2.25 bln 
    Others                               2.07 bln
    Primary Dealers                     -9.61 bln
    Source: Clearing Corp of India Ltd
    
    MONEY MARKET INFLOWS
INSTRUMENT               PAYMENT     DATE    AMT (IN MLN RUPEES)
SDL 09.12%, 2022         Interest   Nov 23           1368.00 
(3 States) 
SDL 09.13%, 2022         Interest   Nov 23            136.95 
(PUNJAB) 
SDL 09.15%, 2022         Interest   Nov 23            457.50 
(KERALA) 
SDL 09.17%, 2022         Interest   Nov 23            687.75 
(UTTAR PRADESH) 
SDL 09.19%, 2021         Interest   Nov 23             32.17 
(GOA) 
SDL 09.21%, 2021         Interest   Nov 23            115.13 
(PUNJAB) 
SDL 09.22%, 2021         Interest   Nov 23            479.44 
(3 States) 
SDL 09.22%, 2022         Interest   Nov 23            691.50 
(WEST BENGAL) 
SDL 09.23%, 2021         Interest   Nov 23            638.25 
(2 States) 
SDL 09.25%, 2021         Interest   Nov 23            693.75 
(2 States) 
SDL 09.28%, 2021         Interest   Nov 23            464.00 
(WEST BENGAL) 
SDL 09.33%, 2021         Interest   Nov 23             81.64 
(JAMMU & KASHMIR) 
12.60% 2018              Interest   Nov 23           7958.08 
91 days T-Bill           Redemption Nov 23         111220.00 
182 days T-Bill          Redemption Nov 23          50000.00
SDL 08.39%, 2020         Interest   Nov 24            891.44 
(3 States) 
SDL 08.40%, 2020         Interest   Nov 24            420.00 
(GUJARAT) 
9.00% 2013               Interest   Nov 24            788.10 
7.94% 2021               Interest   Nov 24          19453.00 
For full table: 
    
    WEEKLY GOVERNMENT AUCTIONS 
MATURITIES                   DATE        AMOUNT (In rupees)   
Bonds                      Nov. 23            130 bln
    
    LIQUIDITY
    * The Reserve Bank of India said on Thursday it accepted all
42 bids for 1.24 trillion rupees at its one-day repo auction,
through which it injects liquidity into the banking system. It
also accepted the sole bid for 50 million rupees at its reverse
repo auction through which it injects liquidity into the banking
system. 
    * Indian banks' refinancing with RBI rises to 205.74 billion
rupees. 
    * Indian banks' cash balances with RBI fall to 2.90 trillion
rupees.