Market Graph

FIMMDA to seek RBI nod to set higher price band limit for gilts

www.market-graph.com — Wed, 04 Jan 2012 12:49:55 +0000

The Fixed Income Money Market and Derivatives Association of India (FIMMDA) is expected to seek the Reserve Bank of India’s approval to lift a trading band limit set daily on government securities after most members agreed to the proposal, investors who attended the meeting said.
FIMMDA guidelines stipulate that prices of most traded securities cannot rise by more than 1% in a day and other securities by 1.25%. The rules were framed to ensure orderly trading and avoid off market deals.
“Market participants also demanded to have a separate price band for state development loans. FIMMDA will now have further discussion with RBI,” said a dealer with a state-owned bank, who was part of the meeting.
FIMMDA and investors are seeking higher trading limit as uncertainty in global financial markets push up volatility and the narrow trading band may result in loss of opportunity to investors.
Reserve Bank of India governor Monday hinted at reversing tight monetary policy stance pushing up bond prices above the price band set by FIMMDA.
FIMMDA on Tuesday lifted the price band limit for few government securities that were traded on Monday.
The price band for 8.79%-2021 was raised to 1.30% for all trades that took place on Monday from earlier limit of 1%.
It also relaxed price band movement for 9.15%-2024 to 1.45% from 1% and for 8.28%-2027 to 1.40% from 1.25% earlier.
FIMMDA later lifted price band limit for liquid securities to 1.50% and for illiquid securities to 1.75 for all securities that were traded on Tuesday.
On Wednesday, FIMMDA again lowered the price band limit for liquid securities to 1% from 1.5% on Tuesday and for illiquid securities to 1.25% from 1.75% on Tuesday.

India key economic and monetary data released so far in January.

www.market-graph.com — Wed, 04 Jan 2012 12:31:47 +0000

Date
Data/Event Period Actual Exp Prev
———- ———– ——- —- —-

LATEST DATA RELEASED
Jan 4
>>Reserve money (chg on wk) Dec 30 -4.4% — 3.9%
>>T-Bills Auction
–91 days of Rs 60B Wkly 8.5201% 8.5000% 8.4782%
–182 days of Rs 40B Frtly 8.4215% 8.4000% 8.2692%
>>HSBC India Service PMI Dec 54.2 — 53.2
>>HSBC India Composite Output Index Dec 54.7 — 52.3
Jan 3
>>Power generation (kwh) Dec 72.72B — 71.23B
Apr-Dec 653.45B
—————————————————————————–
Data releases from the beginning of the month detailed below:
Date
Data/Event Period Actual Exp Prev
———- ———– ——- —- —–
Jan 2
>>Foreign Merchandise Trade
-Exports (y/y chg) Nov 3.87% — 10.82%
Apr-Nov 33.21%
-Imports (y/y chg) Nov 24.55% — 21.72%
Apr-Nov 30.24%
>>HSBC India Manufacturing PMI Dec 54.2 — 51.0

Gold: CCI below 79 first time after March 09

www.market-graph.com — Sun, 01 Jan 2012 13:45:54 +0000

Forex Reserve RBI

www.market-graph.com — Sat, 31 Dec 2011 15:38:47 +0000

Dollar Falls on Easing Speculation Before U.S. Home Sales Data

www.market-graph.com — Fri, 18 Nov 2011 04:33:59 +0000

The dollar weakened against most major counterparts amid speculation the Federal Reserve will introduce more measures to lower borrowing costs to stimulate the economy.

The Dollar Index retreated before a private report that economists say will show U.S. sales of existing homes dropped last month. Fed Bank of New York President William C. Dudley said yesterday there’s more the central bank could do to boost the economy. The euro is poised for its third-straight weekly drop amid concern European policy makers can’t halt the region’s debt crisis from spreading to larger economies including Spain, Italy and France.

“Easing is a possible option for the Fed, and market movements reflect that,” said Teppei Ino, an analyst in Tokyo at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan’s biggest financial group by market value. “Speculation of quantitative easing has a weakening effect over the dollar.”

The dollar slid 0.3 percent to $1.3492 per euro as of 12:05 p.m. in Tokyo from the close in New York yesterday, trimming its weekly gain to 1.9 percent. The greenback was lost 0.1 percent to 76.93 yen. The euro advanced 0.2 percent to 103.80 yen, having lost 2.2 percent over the past five days.

The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against the currencies of six major U.S. trading partners, lost 0.2 percent to 78.142, reducing its weekly advance to 1.6 percent.

U.S. sales of existing homes dropped for a second month in October, sliding 2.2 percent from the previous month, according to a Bloomberg News survey of economists. The National Association of Realtors will release the data on Nov. 21.

Govt Oil Bonds, Other Special Securities Benchmark Rate – Nov 15

www.market-graph.com — Tue, 15 Nov 2011 13:19:37 +0000

description coupon maturity date price yield (semi-annual)
7.47% OIL MKT CO GOI BOND 2012 7.47 07-Mar-12 99.54 8.89
7.44% OIL MKTG.COS.GOI SB 2012 7.44 23-Mar-12 99.47 8.91
7% OIL COS GOI SPL BONDS 2012 7.00 09-Sep-12 98.52 8.91
NAT BK’S(NT) SPL SEC 2015 8.00 07-Feb-15 97.56 8.88
7.61% OIL MKT CO GOI BOND 2015 7.61 07-Mar-15 96.38 8.89
7.59% OIL MKTG.COS.GOI SB 2015 7.59 23-Mar-15 96.27 8.90
11.50% GOI(IIBI)SPL SEC 2021 11.50 30-Mar-21 114.95 9.09
8.13% OIL MKT COMP GOI SB 2021 8.13 16-Oct-21 93.55 9.13
9.75% GOI (IFCI) SPL SEC 2021 9.75 30-Oct-21 103.96 9.13
8.15% GOI FCI SB 2022 8.15 16-Oct-22 92.61 9.24
7% FERT COS GOI SPL BOND 2022 7.00 10-Dec-22 84.61 9.25
6.20% FERT CO GOI SPLBOND 2022 6.20 24-Dec-22 79.09 9.25
6.65% FERT CO GOISPL BOND 2023 6.65 29-Jan-23 82.04 9.26
8.20% OIL MKN GOISPL BOND 2023 8.20 10-Nov-23 92.24 9.29
8.30% FERT CO GOI SPLBOND 2023 8.30 07-Dec-23 92.91 9.29
8.01% OIL MKT COS GOI SB 2023 8.01 15-Dec-23 90.83 9.29
8.20% OIL MKTG COS GOI SB 2024 8.20 12-Feb-24 92.12 9.29
8.35%SBI RTS ISU GOISPL BD2024 8.35 27-Mar-24 93.16 9.29
8.20% OIL MKTG COS GOI SB 2024 8.20 15-Sep-24 91.88 9.29
8.03% GOI FCI SPL BONDS 2024 8.03 15-Dec-24 90.51 9.30
6.35% OIL MKTNCO GOI BOND 2024 6.35 23-Dec-24 77.92 9.30
7.95% OIL MKTG COS GOI SB 2025 7.95 18-Jan-25 89.87 9.30
8.40% OILMKTN CO GOISPL B 2025 8.40 28-Mar-25 93.17 9.30
6.90% OIL MKTG COS GOI SB 2026 6.90 04-Feb-26 81.13 9.32
7.95% FERT CO GOI SPL 2026 7.95 18-Feb-26 89.28 9.32
8.00% OIL MKT COS GOI SB 2026 8.00 23-Mar-26 89.62 9.32
8.40% OIL MKTG COS GOI SB 2026 8.40 29-Mar-26 92.74 9.33
8.23% GOI FCI SB 2027 8.23 12-Feb-27 90.99 9.35

Deployment of Gross Bank Credit by Major Sectors-INDIA

www.market-graph.com — Thu, 03 Nov 2011 10:25:01 +0000

Deployment of Gross Bank Credit by Major Sectors
(Rs.crore)
Outstanding as on Variation (Y-oY) Variation (Financial Yr)
Sr.No Sector Sep 25, 2009 Mar.26, 2010 Sep 24, 2010 Mar.25, 2011 Sep 23, 2011 Sep 24, 2010 / Sep 25, 2009 Sep 23, 2011 / Sep 24, 2010 Sep 24, 2010/ Mar.26, 2010 Sep 23, 2011/ Mar.25, 2011
% % % %
I Gross Bank Credit (II + III) 2735403 3088569 3247676 3731466 3862627 18.7 18.9 5.2 3.5
II Food Credit 41240 48562 48525 64111 65734 17.7 35.5 -0.1 2.5
III Non-food Credit (1 to 4) 2694164 3040007 3199151 3667354 3796893 18.7 18.7 5.2 3.5
1 Agriculture & Allied Activities 336896 416133 401933 460333 433791 19.3 7.9 -3.4 -5.8
2 Industry (Micro & Small, Medium and Large ) 1139372 1311451 1417200 1620849 1742163 24.4 22.9 8.1 7.5
2.1 Micro & Small 185220 206401 213741 229101 242991 15.4 13.7 3.6 6.1
2.2 Medium 130326 132636 148768 184599 195666 14.2 31.5 12.2 6.0
2.3 Large 823826 972415 1054691 1207148 1303507 28.0 23.6 8.5 8.0
3 Services 651580 726790 764823 900801 912413 17.4 19.3 5.2 1.3
3.1 Transport Operators 39174 52516 53876 65463 66848 37.5 24.1 2.6 2.1
3.2 Computer Software 10356 12543 15281 15085 14040 47.6 -8.1 21.8 -6.9
3.3 Tourism, Hotels & Restaurants 15216 19410 24343 27729 29418 60.0 20.8 25.4 6.1
3.4 Shipping 9797 9200 9036 9179 9387 -7.8 3.9 -1.8 2.3
3.5 Professional Services 46031 43401 53370 60271 59522 15.9 11.5 23.0 -1.2
3.6 Trade 154261 164497 170606 186286 186188 10.6 9.1 3.7 -0.1
3.6.1 Wholesale Trade (other than food procurement) 75748 86357 93550 103584 102531 23.5 9.6 8.3 -1.0
3.6.2 Retail Trade 78513 78140 77056 82702 83657 -1.9 8.6 -1.4 1.2
3.7 Commercial Real Estate 94187 92128 101662 111836 114459 7.9 12.6 10.3 2.3
3.8 Non-Banking Financial Companies (NBFCs) 106045 113441 125667 175577 183761 18.5 46.2 10.8 4.7
3.11 Other Services 176514 219654 210983 249376 189988 19.5 17.9 -3.9 -0.2
4 Personal Loans 566315 585633 615195 685372 708526 8.6 15.2 5.0 3.4
4.1 Consumer Durables 8075 8294 9083 10156 8492 12.5 -6.5 9.5 -16.4
4.2 Housing (Including Priority Sector Housing) 287256 300929 317150 346110 366889 10.4 15.7 5.4 6.0
4.3 Advances against Fixed Deposits (Including FCNR (B), NRNR Deposits etc.) 45203 48654 51379 60524 60392 13.7 17.5 5.6 -0.2
4.4 Advances to Individuals against share, bonds, etc. 2280 2863 2571 3613 3197 12.8 24.3 -10.2 -11.5
4.5 Credit Card Outstanding 24246 20145 18509 18098 18907 -23.7 2.2 -8.1 4.5
4.6 Education 33136 36863 40944 43710 48339 23.6 18.1 11.1 10.6
4.7 Vehicle Loans 60629 63791 70374 79314 83981 16.1 19.3 10.3 5.9
4.8 Other Personal Loans 105490 104095 105187 123847 118328 -0.3 12.5 1.0 -4.5
5 Priority Sector 940798 1092179 1120343 1239386 1245233 19.1 11.1 2.6 0.5
5.1 Agriculture & Allied Activities 336896 416133 401933 460333 433791 19.3 7.9 -3.4 -5.8
5.2 Micro & Small Enterprises 330003 373530 394604 454995 471697 19.6 19.5 5.6 3.7
5.2(a) Manufacturing 185220 206401 213741 229101 242991 15.4 13.7 3.6 6.1
5.2(b) Services 144782 167129 180864 225894 228706 24.9 26.5 8.2 1.2
5.3 Housing 206258 217877 224542 230686 238233 8.9 6.1 3.1 3.3
5.4 Micro-Credit 18453 21799 23428 26895 22480 27.0 -4.0 7.5 -16.4
5.5 Education Loans 32670 36247 40220 43026 47633 23.1 18.4 11.0 10.7
5.6 State-Sponsored Orgs. for SC/ST 2241 2749 2486 2048 1680 10.9 -32.4 -9.6 -18.0
5.7 Weaker Sections 141236 176957 185409 204332 207220 31.3 11.8 4.8 1.4
5.8 Export Credit 21936 30200 33060 31821 40717 50.7 23.2 9.5 28.0
Note: 1. Data are provisional and relate to select banks which cover 95 per cent of total non-food credit extended by all scheduled commercial banks.
2. Export credit under priority sector relates to foreign banks only.
3. Micro & small under item 2.1 includes credit to micro & small industries in manufacturing sector.
4. Micro & small enterprises under item 5.2 includes credit to micro & small enterprises in manufacturing as well as services sector.
5. Micro credit under priority sector includes loans of very small amount not exceeding Rs. 50,000 per borrower provided by banks either directly or indirectly through a Self Help Groups (SHGs)/ Joint Liability Groups (JLGs) mechanism or to Non-banking Finance Companies (NBFCs)/ Micro Finance Institutions (MFIs) for on-lending up to Rs. 50,000 per borrower.
6. For details of priority sector, please refer RBI Circular RBI/2006-2007/358 RPCD. No. Plan. BC. 84 /04.09.01/ 2006-07 April 30, 2007.
7. Data on credit to commercial real estate since September 2009 are not comparable with the earlier data, due to change in definition with effect from September 2009.

LME base metals inventory – Nov 3

www.market-graph.com — Thu, 03 Nov 2011 09:18:22 +0000

—-inventory—-
Nov 3 Nov 2 change chg in pct
copper 422,125 423,275 -1,150 -0.27
aluminium 4,544,850 4,546,675 -1,825 -0.04
lead 385,300 386,600 -1,300 -0.34
zinc 769,350 773,175 -3,825 -0.49
nickel 85,986 86,538 -552 -0.64
tin 15,690 15,895 -205 -1.29
aluminium alloy 137,240 137,240 nil nil
aluminium alloy (NASAAC) 154,640 154,380 260 0.17

BURN LOSES with Information : HAPPY DIWALI

www.market-graph.com — Wed, 26 Oct 2011 13:10:29 +0000

Weekly Cash Inflow/Outflow For Gilt/Money market

www.market-graph.com — Tue, 18 Oct 2011 05:47:37 +0000

Following is the summary of weekly inflows and outflows in money and debt market from Oct 12-Oct 18. The inflows and outflows exclude daily borrowings and deposits by banks with the RBI under the Liquidity Adjustment Facility. All figures are in rupees billion.
(Source: RBI data, Press Information Bureau).

INFLOWS AND OUTFLOWS FROM OCT 12 – OCT 18
—————————————–
INFLOWS: OUTFLOWS
——– ——–
date description amount date description amount
—- ————— —– —- ————— ——
Oct 12 1 CG interest payment 24.365 Oct 14 2 T-bills Auction 80.000

Oct 13 33 SG interest payment 4.597 Oct 14 1 SG loan Auction 3.000

Oct 14 2 T-bills Maturing 120.000 Oct 17 3 CG loan Auction 130.000

Oct 17 5 CG interest payment 46.194 Oct 18 1 CMB Auction 100.000
Oct 17 4 SG interest payment 1.424

Oct 18 2 SG interest payment 0.081
——- ——-
Total 196.661 Total 313.000

Net inflows/(Outflows) (116.339)

Govt cash balance with RBI
–in week to Oct 7 1.010

Abbreviation: SG=State Government; CG=Central Government; T-bills=Treasury bills; (M)=Maturing; CMB=Cash Management Bill.

BREAK-UP OF INFLOWS AND OUTFLOWS:
———————————
Inflows Outflows
——- ——–
date description amount date description amount
—— —————- —— —— ————- ——
Oct 12 7.59%-2016 24.365 Oct 14 91 DTB Auction 40.000
182 DTB Auction 40.000
Oct 13 Andhra Pradesh 8.57%-2020 0.643
Oct 13 Haryana 8.57%-2020 0.429 Oct 14 1 SG Loan Auction
Oct 13 Punjab 8.56%-2020 0.342 – Punjab 3.000
Oct 13 Uttarakhand 8.58%-2020 0.215
Oct 13 West Bengal 8.58%-2020 0.858 Oct 17 3 CG Loan Auction
Oct 13 West Bengal 8.39%-2020 0.210 – 7.83% 2018 40.000
– 7.80% 2021 60.000
5.85%,2015 of 27 states ] – 8.26% 2027 30.000
including Andhra Pradesh, ]
Arunachal, Assam, HP ] Oct 18 48-days CMB Auction 100.000
Bihar, Chhattisgarh, Goa ]
Gujarat, Haryana, J & K ]
Oct 13 Jharkhand, Karnataka, ] 1.901
Kerala, MP, Maharashtra ]
Manipur, Meghalaya, ]
Mizoram, Nagaland, TN, ]
Orissa, Rajasthan, ]
Sikkim, Tripura, UP, ]
Uttaranchal, WB ]

Oct 14 182-day-T-Bill (M) 35.000
Oct 14 91-day-T-Bill (M) 85.000

Oct 17* 7.49%-2017(con) 21.721
Oct 17* 7.37%-2014 15.477
Oct 17* 9.85%-2015 4.925
Oct 17* 8.13%-2021 (Oil Mktg
Co GOI spl Bond) 2.033
Oct 17* 8.15%-2022 (FCI SPL Bonds) 2.038
Oct 17 Andhra Pradesh 7.50%-2019 0.375
Oct 17 Jharkhand 7.54%-2019 0.195
Oct 17 Nagaland 7.58%-2019 0.099
Oct 17 West Bengal 7.55%-2019 0.755

Oct 18 Arunachal P. 8.04%-2016 0.019
Oct 18 Kerala 7.99%-2016 0.061

* = As due date is Sunday or Holiday, coupon is paid next working day.
# = As due date is Sunday or Holiday, maturity amount is paid previous
working day.