GLOBAL MARKETS ROUNDUP
* Asian share markets edged cautiously higher on Monday
while the dollar stayed under pressure ahead of packed week of
economic data that will test investor hopes for a pick-up in the
U.S. and global economies.
* The dollar struggled to get off a one-month low against a
basket of major currencies early on Monday, having posted its
biggest weekly fall in over two months after a batch of
disappointing U.S. data dampened the allure of the
greenback.
* Brent crude oil was little changed in choppy trading on
Friday as investors moved to square positions following one of
the international benchmark's biggest weekly falls this year due
to reduced concerns over exports from strife-torn Iraq.
* U.S. Treasuries' prices turned lower on Friday after
steady gains earlier in the week, fuelled by data suggesting
economic growth in America may be slower than policymakers
believe.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 25,099.92 (up 0.15 pct)
* NSE index 7,508.80 (up 0.21 pct)
* Rupee 60.0850/0950 per dlr (60.14/15)
* 10-year bond yield 8.75 pct (8.73 pct)
* 5-year OIS rate 7.91 pct (7.94 pct)
* 1-year OIS rate 8.37 pct (8.38 pct)
* Call money 8.70/8.80 pct (7.00/7.10 pct)
KEY FACTORS TO WATCH
* India infrastructure output for May
* India federal deficit data
* India external debt data
KEY DEALS
* Samvardhana Motherson Automotive Systems Group has raised
500 million euros (US$ 680 million) from a seven-year bond,
callable after three years. The senior secured deal priced at
par to yield 4.125 percent, inside guidance of 4.25 percent, or
343 bps over Bunds. (IFR)
* ONGC Videsh has mandated BNP Paribas, Citigroup, Deutsche
Bank, Royal Bank of Scotland and Standard Chartered Bank as
joint bookrunners and joint lead managers to organise meetings
with fixed-income investors in Asia and Europe, starting
Tuesday. An offering of USD- and/or EUR-denominated Reg S senior
notes may follow, subject to market conditions. (IFR)
OVERNIGHT NEWS
* Prime Minister Narendra Modi has set in motion the first
major revamp in decades of India's archaic labour laws, part of
a plan to revive the flagging economy, boost manufacturing and
create millions of jobs.
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Close Open High Low Volume
60.27-29 60.42 60.42 60.29 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
June 27* $30.37 mln
Month-to-date** $2.32 bln
Year-to-date** $9.92 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
June 27 on SEBI website.
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
June 26 $83.11 mln
Month-to-date $3.07 bln
Year-to-date $10.66 bln
* Source: Data as per latest custodial filing as on June 27
on SEBI website.
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
June 27
Foreign Banks -16.73 bln
Public Sector Banks 12.36 bln
Private Sector Banks 17.14 bln
Mutual Funds 4.50 bln
Others 0.27 bln
Primary Dealers -17.55 bln
Source: Clearing Corp of India Ltd
=============================================================
Instrument Payment Date Amount
(mln rupees)
=============================================================
SDL 09.38%, 2018 Interest Jun 30 375.20
(WEST BENGAL)
SDL 09.40%, 2018 Interest Jun 30 235.00
(ANDHRA PRADESH)
SDL 09.59%, 2018 Interest Jun 30 479.50
(UTTAR PRADESH)
8.30% 2042 Interest Jun 30 27390.00
-------------------------------------------------------------
For the detailed table for inflows in June, see:
ISSUANCES
DEBT/PAPER AMOUNT DATE
Treasury bills 150 bln rupees July 2
LIQUIDITY
* The Reserve Bank of India said on Friday it accepted all
28 bids for 131.80 billion rupees ($2.19 billion) at its
three-day evening repo auction, through which it injects
liquidity into the banking system.
* Indian banks' refinancing with RBI falls to 306.88 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.29 trillion
rupees.
* Asian share markets edged cautiously higher on Monday
while the dollar stayed under pressure ahead of packed week of
economic data that will test investor hopes for a pick-up in the
U.S. and global economies.
* The dollar struggled to get off a one-month low against a
basket of major currencies early on Monday, having posted its
biggest weekly fall in over two months after a batch of
disappointing U.S. data dampened the allure of the
greenback.
* Brent crude oil was little changed in choppy trading on
Friday as investors moved to square positions following one of
the international benchmark's biggest weekly falls this year due
to reduced concerns over exports from strife-torn Iraq.
* U.S. Treasuries' prices turned lower on Friday after
steady gains earlier in the week, fuelled by data suggesting
economic growth in America may be slower than policymakers
believe.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 25,099.92 (up 0.15 pct)
* NSE index 7,508.80 (up 0.21 pct)
* Rupee 60.0850/0950 per dlr (60.14/15)
* 10-year bond yield 8.75 pct (8.73 pct)
* 5-year OIS rate 7.91 pct (7.94 pct)
* 1-year OIS rate 8.37 pct (8.38 pct)
* Call money 8.70/8.80 pct (7.00/7.10 pct)
KEY FACTORS TO WATCH
* India infrastructure output for May
* India federal deficit data
* India external debt data
KEY DEALS
* Samvardhana Motherson Automotive Systems Group has raised
500 million euros (US$ 680 million) from a seven-year bond,
callable after three years. The senior secured deal priced at
par to yield 4.125 percent, inside guidance of 4.25 percent, or
343 bps over Bunds. (IFR)
* ONGC Videsh has mandated BNP Paribas, Citigroup, Deutsche
Bank, Royal Bank of Scotland and Standard Chartered Bank as
joint bookrunners and joint lead managers to organise meetings
with fixed-income investors in Asia and Europe, starting
Tuesday. An offering of USD- and/or EUR-denominated Reg S senior
notes may follow, subject to market conditions. (IFR)
OVERNIGHT NEWS
* Prime Minister Narendra Modi has set in motion the first
major revamp in decades of India's archaic labour laws, part of
a plan to revive the flagging economy, boost manufacturing and
create millions of jobs.
USD/INR NDFs (NY closing prices)
For up-to-date prices, double click PNDF
Close Open High Low Volume
60.27-29 60.42 60.42 60.29 N/A
FII INVESTMENTS-EQUITIES (Net dollars)
June 27* $30.37 mln
Month-to-date** $2.32 bln
Year-to-date** $9.92 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
June 27 on SEBI website.
FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
June 26 $83.11 mln
Month-to-date $3.07 bln
Year-to-date $10.66 bln
* Source: Data as per latest custodial filing as on June 27
on SEBI website.
GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
June 27
Foreign Banks -16.73 bln
Public Sector Banks 12.36 bln
Private Sector Banks 17.14 bln
Mutual Funds 4.50 bln
Others 0.27 bln
Primary Dealers -17.55 bln
Source: Clearing Corp of India Ltd
=============================================================
Instrument Payment Date Amount
(mln rupees)
=============================================================
SDL 09.38%, 2018 Interest Jun 30 375.20
(WEST BENGAL)
SDL 09.40%, 2018 Interest Jun 30 235.00
(ANDHRA PRADESH)
SDL 09.59%, 2018 Interest Jun 30 479.50
(UTTAR PRADESH)
8.30% 2042 Interest Jun 30 27390.00
-------------------------------------------------------------
For the detailed table for inflows in June, see:
ISSUANCES
DEBT/PAPER AMOUNT DATE
Treasury bills 150 bln rupees July 2
LIQUIDITY
* The Reserve Bank of India said on Friday it accepted all
28 bids for 131.80 billion rupees ($2.19 billion) at its
three-day evening repo auction, through which it injects
liquidity into the banking system.
* Indian banks' refinancing with RBI falls to 306.88 billion
rupees.
* Indian banks' cash balances with RBI rise to 3.29 trillion
rupees.
