GLOBAL MARKETS ROUNDUP
* The euro started the new year at 29-month lows in Asia
after the head of the European Central Bank fanned expectations
it would take bolder steps on stimulus this month, underlining
the U.S. dollar's rate advantage.
* U.S. crude futures hit $55.11 a barrel before
easing to around $54.25 a barrel on the first trading day of
2015 in Asia, supported by a larger-than-expected fall in U.S.
crude stocks, though China's lacklustre economic data capped
gains.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 27,507.54 (up 0.03 pct)
* NSE index 8,284.00 (up 0.02 pct)
* Rupee 63.35/36 per dlr (63.03/04)
* 10-year bond yield 7.88 pct (7.86 pct)
* 5-year OIS rate 7.22 pct (7.19 pct)
* 1-year OIS rate 7.78 pct (7.76 pct)
* Call money 7.00/7.05 pct (8.95/9.00 pct)
FACTORS TO WATCH
* India Finance Minister Arun Jaitley, along with Prime m
Minister Narendra Modi and Reserve Bank of India Governor
Raghuram Rajan, to meet bank chiefs on need for reforms
* India manufacturing PMI data at 0500 GMT
* India weekly foreign reserves data at 1130 GMT
OVERNIGHT NEWS
* India on Thursday raised factory gate duties on petrol and
diesel by 2 rupees ($0.03) a litre to fund infrastructure
projects in the current and next fiscal years.
* India has scrapped its 65-year-old Planning Commission,
which Prime Minister Narendra Modi has accused of stifling
growth with Soviet-style bureaucracy, replacing it on Thursday
with a body he said would do more to involve the regions.
FII INVESTMENTS-EQUITIES (Net dollars)
Jan. 01* $2.87 mln
Month-to-date** $87.64 mln
Year-to-date** $87.64 mln
* Provisional NSE data
** Source: Data as per latest custodial filing as on Jan. 01
on NSDL's website.
FII INVESTMENTS-DEBT (Net Dollars) Debt
Jan. 01* -$10.58 mln
Month-to-date -$10.58 mln
Year-to-date -$10.58 mln
* Source: Data as per latest custodial filing as on Jan. 01
on NSDL's website, Reuters calculation
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
Jan. 01
Foreign Banks -0.20 bln
Public Sector Banks 24.64 bln
Private Sector Banks -4.84 bln
Mutual Funds -5.02 bln
Others 5.49 bln
Primary Dealers -20.06 bln
INFLOWS
===========================================================
Instrument Payment Date Amount
(mln rupees)
===========================================================
8.83% FRB 2015 Interest Jan 02 2649.00
12.30% 2016 Interest Jan 02 8074.86
9.11% FRB 2017 Interest Jan 02 1366.50
6.25% 2018 Interest Jan 02 5277.13
5.64% 2019 Interest Jan 02 2820.00
6.35% 2020 Interest Jan 02 19367.50
8.30% 2040 Interest Jan 02 34860.00
SDL 07.93%, 2023 Interest Jan 03 87.23
(2 States)
SDL 07.94%, 2023 Interest Jan 03 198.50
(RAJASTHAN)
SDL 07.95%, 2023 Interest Jan 03 1391.25
(2 States)
SDL 07.98%, 2023 Interest Jan 03 877.80
(3 States)
SDL 08.02%, 2023 Interest Jan 03 280.70
(CHATTISGARH)
8.07% JUL 2017 Interest Jan 03 20175.00
===========================================================
For the monthly inflows see:
===========================================================
ISSUANCES
Bonds auction 140 bln rupees
LIQUIDITY
* The Reserve Bank of India said on Thursday it accepted all
55 bids for 216.62 billion rupees ($3.42 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI rises to 98.17 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.46 trillion
rupees.
* The euro started the new year at 29-month lows in Asia
after the head of the European Central Bank fanned expectations
it would take bolder steps on stimulus this month, underlining
the U.S. dollar's rate advantage.
* U.S. crude futures hit $55.11 a barrel before
easing to around $54.25 a barrel on the first trading day of
2015 in Asia, supported by a larger-than-expected fall in U.S.
crude stocks, though China's lacklustre economic data capped
gains.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 27,507.54 (up 0.03 pct)
* NSE index 8,284.00 (up 0.02 pct)
* Rupee 63.35/36 per dlr (63.03/04)
* 10-year bond yield 7.88 pct (7.86 pct)
* 5-year OIS rate 7.22 pct (7.19 pct)
* 1-year OIS rate 7.78 pct (7.76 pct)
* Call money 7.00/7.05 pct (8.95/9.00 pct)
FACTORS TO WATCH
* India Finance Minister Arun Jaitley, along with Prime m
Minister Narendra Modi and Reserve Bank of India Governor
Raghuram Rajan, to meet bank chiefs on need for reforms
* India manufacturing PMI data at 0500 GMT
* India weekly foreign reserves data at 1130 GMT
OVERNIGHT NEWS
* India on Thursday raised factory gate duties on petrol and
diesel by 2 rupees ($0.03) a litre to fund infrastructure
projects in the current and next fiscal years.
* India has scrapped its 65-year-old Planning Commission,
which Prime Minister Narendra Modi has accused of stifling
growth with Soviet-style bureaucracy, replacing it on Thursday
with a body he said would do more to involve the regions.
FII INVESTMENTS-EQUITIES (Net dollars)
Jan. 01* $2.87 mln
Month-to-date** $87.64 mln
Year-to-date** $87.64 mln
* Provisional NSE data
** Source: Data as per latest custodial filing as on Jan. 01
on NSDL's website.
FII INVESTMENTS-DEBT (Net Dollars) Debt
Jan. 01* -$10.58 mln
Month-to-date -$10.58 mln
Year-to-date -$10.58 mln
* Source: Data as per latest custodial filing as on Jan. 01
on NSDL's website, Reuters calculation
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
Jan. 01
Foreign Banks -0.20 bln
Public Sector Banks 24.64 bln
Private Sector Banks -4.84 bln
Mutual Funds -5.02 bln
Others 5.49 bln
Primary Dealers -20.06 bln
INFLOWS
===========================================================
Instrument Payment Date Amount
(mln rupees)
===========================================================
8.83% FRB 2015 Interest Jan 02 2649.00
12.30% 2016 Interest Jan 02 8074.86
9.11% FRB 2017 Interest Jan 02 1366.50
6.25% 2018 Interest Jan 02 5277.13
5.64% 2019 Interest Jan 02 2820.00
6.35% 2020 Interest Jan 02 19367.50
8.30% 2040 Interest Jan 02 34860.00
SDL 07.93%, 2023 Interest Jan 03 87.23
(2 States)
SDL 07.94%, 2023 Interest Jan 03 198.50
(RAJASTHAN)
SDL 07.95%, 2023 Interest Jan 03 1391.25
(2 States)
SDL 07.98%, 2023 Interest Jan 03 877.80
(3 States)
SDL 08.02%, 2023 Interest Jan 03 280.70
(CHATTISGARH)
8.07% JUL 2017 Interest Jan 03 20175.00
===========================================================
For the monthly inflows see:
===========================================================
ISSUANCES
Bonds auction 140 bln rupees
LIQUIDITY
* The Reserve Bank of India said on Thursday it accepted all
55 bids for 216.62 billion rupees ($3.42 billion) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI rises to 98.17 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.46 trillion
rupees.
