GLOBAL MARKETS ROUNDUP
* Asian shares were on the back foot early on Wednesday,
taking their cue from Wall Street as the deepening crisis in
Iraq and a report that the U.S. could be loosening restrictions
on crude exports triggered a rally in oil prices.
* The British pound nursed losses on Wednesday after
comments from the Bank of England governor cooled expectations
for an interest rate hike this year, while its G3 counterparts
drifted in well-worn ranges.
* Brent crude held above $114 a barrel on Tuesday, supported
by continued fighting in Iraq, supply disruptions in Libya and
expectations of a decline in U.S. crude inventories, while U.S.
crude prices dipped slightly.
* U.S. Treasuries' prices rose on Tuesday, getting a lift
from investors turning away from weakening Wall Street equities
and reawakened geopolitical worries due to fighting in Iraq.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 25,368.90 (up 1.35 pct)
* NSE index 7,580.20 (up 1.16 pct)
* Rupee 60.1325/1425 per dlr (60.20/21)
* 10-year bond yield 8.72 pct (8.77 pct)
* 5-year OIS rate 7.97 pct (8.02 pct)
* 1-year OIS rate 8.37 pct (8.38 pct)
* Call money 8.20/8.30 pct (8.20/8.25 pct)
KEY FACTORS TO WATCH
* Weekly money supply data from the central bank.
KEY DEALS
* Rolta India is set to meet fixed-income investors in Asia,
Europe and United States for a potential US dollar bond, just
over a year after it sold a debut US$200 million 10.75 percent
five-year bond to offshore investors. (IFR)
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Close Open High Low Volume
60.46-48 60.41 60.49 60.41 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
June 24* $47.28 mln
Month-to-date** $2.29 bln
Year-to-date** $9.88 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
June 24 on SEBI website.
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
June 23 $28.32 mln
Month-to-date $2.98 bln
Year-to-date $10.57 bln
* Source: Data as per latest custodial filing as on June 24
on SEBI website.
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
June 24
Foreign Banks -3.71 bln
Public Sector Banks -4.61 bln
Private Sector Banks 15.20 bln
Mutual Funds -8.70 bln
Others -0.73 bln
Primary Dealers 2.55 bln
Source: Clearing Corp of India Ltd
=============================================================
Instrument Payment Date Amount
(mln rupees)
=============================================================
91 days T-Bill Redemption Jun 26 91345.90
364 days T-Bill Redemption Jun 26 56860.00
11.60% 2020 Interest Jun 27 2900.00
-------------------------------------------------------------
For the detailed table for inflows in June, see:
ISSUANCES
DEBT/PAPER AMOUNT DATE
4/10 yr state loans 71.30 bln rupees June 24
Dated govt securities 150 bln rupees June 27
LIQUIDITY
* The Reserve Bank of India said on Tuesday it accepted all
38 bids for 171.13 billion rupees ($2.87 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI rises to 289.87 billion
rupees.
* Indian banks' cash balances with RBI down to 3.27 trillion
rupees.
* Asian shares were on the back foot early on Wednesday,
taking their cue from Wall Street as the deepening crisis in
Iraq and a report that the U.S. could be loosening restrictions
on crude exports triggered a rally in oil prices.
* The British pound nursed losses on Wednesday after
comments from the Bank of England governor cooled expectations
for an interest rate hike this year, while its G3 counterparts
drifted in well-worn ranges.
* Brent crude held above $114 a barrel on Tuesday, supported
by continued fighting in Iraq, supply disruptions in Libya and
expectations of a decline in U.S. crude inventories, while U.S.
crude prices dipped slightly.
* U.S. Treasuries' prices rose on Tuesday, getting a lift
from investors turning away from weakening Wall Street equities
and reawakened geopolitical worries due to fighting in Iraq.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 25,368.90 (up 1.35 pct)
* NSE index 7,580.20 (up 1.16 pct)
* Rupee 60.1325/1425 per dlr (60.20/21)
* 10-year bond yield 8.72 pct (8.77 pct)
* 5-year OIS rate 7.97 pct (8.02 pct)
* 1-year OIS rate 8.37 pct (8.38 pct)
* Call money 8.20/8.30 pct (8.20/8.25 pct)
KEY FACTORS TO WATCH
* Weekly money supply data from the central bank.
KEY DEALS
* Rolta India is set to meet fixed-income investors in Asia,
Europe and United States for a potential US dollar bond, just
over a year after it sold a debut US$200 million 10.75 percent
five-year bond to offshore investors. (IFR)
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Close Open High Low Volume
60.46-48 60.41 60.49 60.41 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
June 24* $47.28 mln
Month-to-date** $2.29 bln
Year-to-date** $9.88 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
June 24 on SEBI website.
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
June 23 $28.32 mln
Month-to-date $2.98 bln
Year-to-date $10.57 bln
* Source: Data as per latest custodial filing as on June 24
on SEBI website.
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
June 24
Foreign Banks -3.71 bln
Public Sector Banks -4.61 bln
Private Sector Banks 15.20 bln
Mutual Funds -8.70 bln
Others -0.73 bln
Primary Dealers 2.55 bln
Source: Clearing Corp of India Ltd
=============================================================
Instrument Payment Date Amount
(mln rupees)
=============================================================
91 days T-Bill Redemption Jun 26 91345.90
364 days T-Bill Redemption Jun 26 56860.00
11.60% 2020 Interest Jun 27 2900.00
-------------------------------------------------------------
For the detailed table for inflows in June, see:
ISSUANCES
DEBT/PAPER AMOUNT DATE
4/10 yr state loans 71.30 bln rupees June 24
Dated govt securities 150 bln rupees June 27
LIQUIDITY
* The Reserve Bank of India said on Tuesday it accepted all
38 bids for 171.13 billion rupees ($2.87 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI rises to 289.87 billion
rupees.
* Indian banks' cash balances with RBI down to 3.27 trillion
rupees.
