Indian FX/debt factors to watch - Jan 15

  • Reuters
  • Stock Market News
Indian FX/debt factors to watch - Jan 15

GLOBAL MARKETS ROUNDUP

* Asian stocks slipped on Thursday after weak U.S. data compounded worries over plunging copper prices and the health of the world economy, while a bounce in crude oil failed to calm anxiety over a supply glut that has seen prices collapse in recent months. MKTS/GLOB

* The dollar nursed losses early on Thursday, having retreated across the board after a surprisingly big fall in U.S. retail sales pulled U.S. yields sharply lower. FRX

* World oil prices had their biggest surge in two-and-a-half years on Wednesday, rebounding from a nearly six-year low as traders turned away from the bearish pressures of a worldwide glut to cover themselves on expiring options. O/R

* The U.S. 30-year Treasuries yield fell to a record low on Wednesday as disappointing U.S. retail sales data raised bets the Federal Reserve would not raise interest rates this year. US/

LOCAL MARKETS PREVIOUS CLOSE

* BSE index .BSESN 27,346.82 (down 0.29 pct)

* NSE index .NSEI 8,277.55 (down 0.26 pct)

* Rupee INR=D2 62.18/19 per dlr (62.14/15)

* 10-year bond yield IN084024G=CC 7.77 pct (7.77 pct)

* 5-year OIS rate INRSMONM5YFIX= 6.95 pct (6.95 pct)

* 1-year OIS rate INRANONM1YFIX= 7.63 pct (7.61 pct)

* Call money INROND= 7.50/7.60 pct (8.05/8.10 pct)

FACTORS TO WATCH

* Earnings: Tata Consultancy TCS.NS , Bajaj Auto BAJA.NS , Bajaj Holdings & Investment BJAT.NS , Infotech Enterprises INFE.NS , DB Corp DBCL.NS

OVERNIGHT NEWS

* India cbank governor - to reduce the policy repo rate under the liquidity adjustment facility (laf) by 25 basis points to 7.75 percent ID:nWNAS00DP2

* Plunging global oil markets helped India post slower-than-expected wholesale price inflation in December, raising hopes for an early cut in interest rates to help the economy out of its longest phase of sub-par growth since the 1980s. ID:nL3N0UT2K3

* An Australian environmental group launched a legal challenge against Adani Enterprises' ADEL.NS $7 billion Carmichael coal mine project in the Galilee Basin, renewing the focus on a key issue in a rancorous election campaign in Queensland state. ID:nL3N0UU03Z

KEY DEALS

* India's central bank has allowed conglomerate Tata Sons Ltd TATAS.UL to buy Japanese telecom firm NTT DoCoMo Inc's 9437.T stake in their struggling Indian venture, paving the way for the completion of the long-delayed $1.1 billion deal. ID:nL3N0UT2GT

USD/INR NDFs (NY closing prices)

For up-to-date prices, double click PNDF

Open

High

Low

Close

Volume

62.48

62.53

62.40

62.51-53

NA

FII INVESTMENTS-EQUITIES (Net dollars)

Jan. 14*

-$11.21 mln

Month-to-date**

-$223.94 mln

Year-to-date**

-$223.94 mln

* Provisional NSE data

** Source: Data as per latest custodial filing as on Jan.14 on NSDL's website.

FII INVESTMENTS-DEBT (Net Dollars) INFII INFII01* Debt

Jan. 13*

$524.94 mln

Month-to-date

$1.45 bln

Year-to-date

$1.45 bln

* Source: Data as per latest custodial filing as on Jan.13 on NSDL's website, Reuters calculation

GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)

Jan. 14

Foreign Banks

-0.60 bln

Public Sector Banks

6.49 bln

Private Sector Banks

0.51 bln

Mutual Funds

-5.25 bln

Others

2.61 bln

Primary Dealers

-3.76 bln

INFLOWS =========================================================== Instrument

Payment

Date

Amount

(mln rupees) =========================================================== 8.07% 2017

Interest Jan 15

27841.50 91 days T-Bill

Redemption Jan 15

106605.00 182 days T-Bill

Redemption Jan 15

28090.00 SDL 09.23%, 2024

Interest Jan 16

276.90 (WEST BENGAL) SDL 09.24%, 2024

Interest Jan 16

1180.87 (2 States) SDL 09.25%, 2024

Interest Jan 16

1156.25 (3 States) SDL 09.26%, 2024

Interest Jan 16

1250.10 (2 States) SDL 09.29%, 2024

Interest Jan 16

929.00 (2 States) 8.19% 2020

Interest Jan 16

30303.00

=========================================================== For the monthly inflows see: ID:nL3N0UG0UX ===========================================================

ISSUANCES

Bonds auction

140 billion rupees

LIQUIDITY

* The Reserve Bank of India said on Wednesday it accepted all 12 bids for 29.33 billion rupees ($472.30 million) at its one-day reverse repo auction on Tuesday, through which it absorbs liquidity from the banking system. ID:nS8N0PL02K

* Indian banks' refinancing with RBI falls to 85.10 billion rupees. ID:nS8N0PL02M

* Indian banks' cash balances with RBI flat at 3.35 trillion rupees. ID:nS8N0PL02N

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