Wednesday 19 March 2014

Indian FX/debt factors to watch - 19 March 2014

GLOBAL MARKETS ROUNDUP

    * Asian share markets opened on a tentative footing on Wednesday, with investors cautious amid the backdrop of East-West geopolitical tensions involving Ukraine and ahead of a
closely-watched Federal Reserve policy review later in the session.
    * The dollar stood near its lowest level in more than four months against a basket of currencies on Wednesday, on some trepidation ahead of Janet Yellen's inaugural policy review as the Federal Reserve's chief.
    * U.S. crude oil futures rose by more than $1 per barrel to its highest price in a week on Tuesday, following strong gains in equities outweighed forecasts for another build in domestic supplies, while Brent was bolstered by concerns over violence in Crimea.
    * U.S. Treasuries yields edged lower on Tuesday on uncertainty ahead of the Federal Reserve's two-day policy meeting and lingering concerns that East-West tensions surrounding Ukraine could escalate.
                  
    LOCAL MARKETS PREVIOUS CLOSE
    * BSE index 21,832.61 (up 0.1 pct)
    * NSE index 6,516.65 (up 0.19 pct)
    * Rupee 61.19/20 per dlr (61.19/20)
    * 10-year bond yield 8.80 pct (8.79 pct)
    * 5-year OIS rate 8.45 pct (8.45 pct)
    * 1-year OIS rate 8.63 pct (8.64 pct)
    * Call money 8.95/9.00 pct (8.95/9.00 pct)
        

    OVERNIGHT NEWS

    * India's Hindu nationalist opposition has seized upon a secret report about how the government bungled a war with China more than 50 years ago to batter the ruling party days before an election.
    * Infosys signs five-year deal with Sweden's Lansforsakringar AB.
      
    LOANS/DEALS
    * Information technology firm iGate Corp has announced a $325 million five-year non-call two senior unsecured offering. (IFR)
    * On the onshore front, state-owned Rural Electrification Corp has asked arrangers to bid for a sale of three-year bullet bonds.
    * India's state-owned Mahanagar Telephone Nigam has asked arrangers to submit fee-bids on Wednesday. The telecoms service provider plans to raise up to 10 billion rupees from a state-guaranteed sale of 10-year bonds.
    * Indian Oil Corp has closed its US$500m three-year loan with 18 banks.
    * Larsen and Toubro's offer for sale in L&T Finance raised Rs6bn ($98 million) for the vendor.

    FACTORS TO WATCH

    * The Reserve Bank of India will auction 140 billion rupees of treasury bills, including 80 billion rupees of 91-day bills and 60 billion rupees of 364-day bills, on March 19, it said in
a statement on Friday.
    * India's central bank says to conduct seven-day term repo auction for 100 billion rupees later in the day.
    * India's money supply data
                                   
    USD/INR NDFs (NY closing prices)
    For up-to-date prices, double click
     Close      Open     High      Low     Volume      
    61.43-45    61.58   61.58     61.40     High
           
    FII INVESTMENTS-EQUITIES (Net dollars)                    
                      
    March 19*                    $165.67 mln
    Month-to-date**                $1.05 bln
    Year-to-date**                 $1.41 bln
    * Provisional NSE data       
    ** Source: Data as per the latest custodial filing as on March 19 on SEBI website.
    #(As per Reuters conversion, ($1 = 61.20 Indian rupees))
           
    FII INVESTMENTS-DEBT (Net Dollars)  * 
                                    Debt           
    March 14                     $182.39 mln
    Month-to-date                  $2.28 bln
    Year-to-date                   $6.36 bln
    * Source: Data as per latest custodial filing as on March 19 on SEBI website.
 
    GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
                                          March 18
    Foreign Banks                        -4.36 bln
    Public Sector Banks                   2.65 bln
    Private Sector Banks                 -1.55 bln
    Mutual Funds                         -6.35 bln
    Others                                8.07 bln
    Primary Dealers                       1.54 bln
    Source: Clearing Corp of India Ltd
  
  
    MONEY MARKET INFLOWS
===============================
Instrument                     Payment         Date                   Amount
                                                        (mln rupees)
===============================
SDL 08.42%, 2017         Interest   Mar 20                       42.10
(HIMACHAL PRADESH)
SDL 08.52%, 2023         Interest   Mar 20                       230.51
(RAJASTHAN)
SDL 08.54%, 2023         Interest   Mar 20                       727.61
(4 States)
SDL 08.55%, 2023         Interest   Mar 20                        68.72
(3 States)
SDL 08.62%, 2023         Interest   Mar 20                       129.30
(JHARKHAND)
SDL 08.63%, 2023         Interest   Mar 20                        647.25
(MADHYA PRADESH)
SDL 08.64%, 2023         Interest   Mar 20                       475.20
(BIHAR)
SDL 08.65%, 2023         Interest   Mar 20                      1081.25
(2 States)
SDL 08.66%, 2023         Interest   Mar 20                        649.50
(WEST BENGAL)
SDL 08.70%, 2016         Interest   Mar 20                        348.00
(GUJARAT)
SDL 08.87%, 2022         Interest   Mar 20                        88.70
(GOA)
SDL 08.89%, 2022         Interest   Mar 20                       333.38
(ANDHRA PRADESH)
SDL 08.90%, 2022         Interest   Mar 20                      1946.88
(3 States)
SDL 08.91%, 2022         Interest   Mar 20                       757.35
(3 States)
SDL 08.92%, 2022         Interest   Mar 20                       706.91
(3 States)
91 days T-Bill           Redemption Mar 20                     101020.00
364 days T-Bill          Redemption Mar 20                    50022.50
SDL 08.14%, 2017         Interest   Mar 21                    203.50
(TAMIL NADU)
SDL 08.16%, 2017         Interest   Mar 21                    122.40
(HIMACHAL PRADESH)
SDL 08.19%, 2017         Interest   Mar 21                     178.54
(KERALA)
SDL 08.20%, 2017         Interest   Mar 21                    288.33
(3 States)
SDL 08.22%, 2017         Interest   Mar 21                    411.00
(PUNJAB)
SDL 08.50%, 2017         Interest   Mar 21                      57.17
(JAMMU & KASHMIR)
SDL 08.65%, 2021         Interest   Mar 21                     778.50
(4 States)
SDL 08.66%, 2021         Interest   Mar 21                    1082.50
(2 States)
SDL 09.02%, 2022         Interest   Mar 21                    150.18
(2 States)
SDL 09.03%, 2022         Interest   Mar 21                    285.80
(2 States)
SDL 09.04%, 2022         Interest   Mar 21                     113.00

=============================
 For the full table for March inflows, see:
=============================

  
    LIQUIDITY
    * The Reserve Bank of India said on Tuesday it accepted 62 bids for 408.13 billion rupees ($6.67 billion) at its one-day repo auction through which it injects liquidity into the banking
system.
    * Indian banks' refinancing with RBI rises to 353.44 billion rupees.
    * Indian banks' cash balances with RBI at 3.16 trillion rupees.

 ($1 = 61.0862 rupees)

1 comment :

  1. This is very informative and good news for all traders. it can be shown globally data. i read your post. I hope this is very helpful for new trades to understand the market.

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