Reuters: Financial Services and Real Estate: Indian FX/debt factors to watch-June 8

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Indian FX/debt factors to watch-June 8 Jun 8th 2012, 03:23 Tweet Share this Email Print Thu Jun 7, 2012 11:23pm EDT GLOBAL MARKETS ROUNDUP * USD/INR could resume gain after dropping to a 2-week low on Thursday, as most Asian stocks were in the red and euro retreated from the recent highs. Pair last closed at 54.94/95. * Asian shares edged lower on Friday, hurt by disappointment that Federal Reserve Chairman Ben Bernanke gave no clues on whether a U.S. easing was in the offer, outweighing any positive effect from China rate cuts. * The euro and commodity currencies nursed modest losses on Friday, having seen gains sparked by a surprise Chinese interest rate cut quickly evaporate after the U.S. central bank offered no hint of imminent monetary stimulus. * U.S. crude futures fell more than $2 on Friday, pressured by uncertainty about the fragile economic recovery in top oil consumer the United States after its central bank chief offered few clues about more stimulus measures. OVERNIGHT NEWS * India plans a roadshow next week in five Gulf countries to attract sovereign funds and other investors to help revive slowing growth in Asia's third largest economy. KEY EVENTS TO WATCH * RBI Deputy Governor K.C. Chakrabarty will speak at the Skoch Summit (0500 GMT) * India's commerce and trade minister Anand Sharma will be at an industry body seminar on Foreign Trade Policy (0630 GMT) * RBI's new 10-year government bond auction (0930 GMT) * Kaushik Basu, chief economic adviser to the government of India, will deliver a commemorative lecture on trade and development at Export-Import Bank of India. (0230 GMT) EXTERNAL COMMERCIAL BORROWINGS / MAJOR DEALS * The country's top lender State Bank of India is planning a US$1bn global bond by August, a move that could reopen the market for other banks on the subcontinent. (IFR) USD/INR NDFs (NY closing prices) * For up-to-date prices, double click Close Open High Low Volume 55.30-35 55.37 55.43 54.90 High FII INVESTMENTS-EQUITIES (Net rupees) June 7* 6.75 bln Month-to-date** -18.08 bln Year-to-date** 406.87 bln * Provisional NSE data ** Source: SEBI (reporting date as of June 7, as submitted by custodians) FII INVESTMENTS-DEBT (Net Rupees) Debt June 7 10.54 bln Month-to-date 18.23 bln Year-to-date 210.03 bln Source: SEBI (reporting date as of June 7, as submitted by custodians) GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees) June 7 Foreign Banks 29.62 bln Public Sector Banks -17.05 bln Private Sector Banks -5.55 bln Mutual Funds -1.29 bln Others -2.31 bln Primary Dealers -3.43 bln Source: Clearing Corp of India Ltd LIQUIDITY, as of June 8 * The Reserve Bank of India said on Wednesday it accepted all 42 bids for 865.15 billion rupees at its one-day repo auctions, through which it injects liquidity into the banking system. It got no bids at the reverse repo auction. * Indian bank refinancings with RBI remain steady at 102.72 bln rupees. * Indian banks' cash balances with RBI rise to 3.23 trln rupees. (Compiled by Madhura Karnik; Editing by Gopakumar Warrier) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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