Live Currency News - 13.Nov.2014

GLOBAL MARKETS ROUNDUP

    * Asian shares mostly steadied on Thursday as investors

awaited a flurry of Chinese economic indicators later in the

day, but energy stocks slumped after oil prices fell to

four-year lows.

    * The dollar took time out from its rally against the yen

and euro early on Thursday as traders awaited a batch of Chinese

and U.S. data, while the British pound languished at 14-month

lows versus its U.S. peer after dovish messages from the Bank of

England.

    * Benchmark Brent crude fell below $80 a barrel on Wednesday

for the first time since 2010 on technical selling, pressure

from a strong dollar and after Saudi Arabia's oil minister

refused to say if the kingdom will support calls from some OPEC

members to cut crude output.

    * U.S. Treasuries prices traded mostly flat on Wednesday,

erasing early gains, after the bond market absorbed $24 billion

in new supply of benchmark U.S. government debt.

                   

    LOCAL MARKETS PREVIOUS CLOSE

    * BSE index 28,008.90 (up 0.35 pct)

    * NSE index 8,383.30 (up 0.25 pct)

    * Rupee 61.4925/5000 per dlr (61.55/56)

    * 10-year bond yield 8.16 pct (8.19 pct) 

    * 5-year OIS rate 7.40 pct (7.41 pct)

    * 1-year OIS rate 7.99 pct (8.01 pct)

    * Call money 7.40/7.50 pct (8.80/8.90 pct)

   

    KEY FACTORS TO WATCH

    * India trade data to be released by Nov. 14, there is no

fixed date for the release of the data.

    * India central bank chief Raghuram Rajan to talk at a

microfinance event at 10 a.m.

   

    OVERNIGHT NEWS

    * India's economic outlook brightened on Wednesday with a

surprise pickup in industrial output and further cooling in

consumer prices, data showed, boosting Prime Minister Narendra

Modi's bid to end the longest slowdown in growth in decades.

 

   

    KEY DEALS

    * Indian generic drugmaker Aurobindo Pharma Ltd

said its U.S. unit won a bankruptcy auction to buy nutritional

supplements maker Natrol Inc for $132.5 million.

         

    USD/INR NDFs (NY closing prices)

    For up-to-date prices, double click PNDF

     Open     High     Low       Close      Volume

    61.79    61.75    61.66     61.68-69      N/A

 

    FII INVESTMENTS-EQUITIES (Net dollars)

    Nov 12*                       $74.80 mln

    Month-to-date**                $1.36 bln

    Year-to-date**                $15.06 bln

    * Provisional NSE data        

    ** Source: Data as per the latest custodial filing as on

Nov. 12 on NSDL's website.

 

    FII INVESTMENTS-DEBT (Net Dollars)  Debt

    Nov. 11                    $225.35 mln                   

    Month-to-date              $597.30 mln

    Year-to-date                $23.14 bln

    * Source: Data as per latest custodial filing as on Nov 12

on NSDL's website.

                             

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

                                          Nov 12

    Foreign Banks                        28.90 bln

    Public Sector Banks                 -50.99 bln

    Private Sector Banks                  0.92 bln

    Mutual Funds                         95.28 bln

    Others                               -5.14 bln

    Primary Dealers                      16.79 bln

    

    LIQUIDITY

    * The Reserve Bank of India said on Wednesday it accepted

all 43 bids for 178.49 billion rupees ($2.90 billion) at its

one-day repo auction, through which it injects liquidity into

the banking system.

    * Indian banks' refinancing with RBI rises to 93.70 billion

rupees.

    * Indian banks' cash balances with RBI rise to 3.55 trillion

rupees.