Sunday, 30 November 2014

FW: Free Currency Tips : Indian FX/debt factors to watch - Dec 1

Indian FX/debt factors to watch - Dec 1
Mon Dec 1, 2014 8:42am IST


GLOBAL MARKETS ROUNDUP


* Gold prices tumbled on Monday after Swiss voters
overwhelmingly rejected proposals to boost gold reserves in a
referendum, joining the broad rout in commodities that sent oil
prices to five-year lows and copper to four-year lows.

* The dollar rose to a new seven-year high against the yen
on Monday amid growing concerns over deflationary pressure in
Japan in the face of sliding oil prices.
* U.S. crude fell more than $2 to a five-year low in Asian
trade on Monday, while Brent futures touched a fresh four-year
low, extending a steep sell-off after OPEC decided not to cut
production last week, keeping markets well supplied.
* U.S. benchmark and long-dated Treasury yields fell for a
sixth straight session and notched their second straight monthly
declines on Friday on signs of disinflation and month-end
buying.

LOCAL MARKETS PREVIOUS CLOSE
* BSE index 28,693.99 (up 0.90 pct)
* NSE index 8,588.25 (up 1.11 pct)
* Rupee 62.0250/0350 per dlr (61.8750/8850)
* 10-year bond yield 8.09 pct (8.15 pct)
* 5-year OIS rate 7.14 pct (7.23 pct)
* 1-year OIS rate 7.75 pct (7.82 pct)
* Call money 7.85/7.90 pct (7.70/7.75 pct)

KEY FACTORS/EVENTS TO WATCH
* Pre RBI policy meeting between finance minister and RBI
Governor.


USD/INR NDFs (NY closing prices)
For up-to-date prices, double click
Open High Low Close Volume
62.29 62.53 62.30 62.50-53 N/A

FII INVESTMENTS-EQUITIES (Net dollars)
Nov 28* $150.82 mln
Month-to-date** (Nov) $2.23 bln
Year-to-date** $15.93 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
Nov. 28 on NSDL's website.

FII INVESTMENTS-DEBT (Net Dollars) Debt
Nov. 27 $123.65 mln
Month-to-date (Nov) $1.90 bln
Year-to-date $24.44 bln
* Source: Data as per latest custodial filing as on Nov. 28
on NSDL's website.

GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
Nov 28
Foreign Banks 12.57 bln
Public Sector Banks 4.82 bln
Private Sector Banks 15.06 bln
Mutual Funds -13.34 bln
Others -0.96 bln
Primary Dealers -18.15 bln

ISSUANCES
Treasury bills 140 bln rupees Dec. 3

LIQUIDITY
* The Reserve Bank of India India cbank sets cut-off rate of
7.99 percent at three-day variable rate reverse repo
auction
* Indian banks' refinancing with RBI falls to 69.42 billion
rupees.
* Indian banks' cash balances with RBI at 3.36 trillion
rupees.

($1 = 62.0500 Indian rupee)

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