Eros Share News (EROS)

Tue, 5th Jun 2012 04:25

GLOBAL MARKETS ROUNDUP

* USD/INR was seen opening lower, tracking gains in

the euro and positive Asian stocks. Pair last closed at

55.66/67.

The USD/INR 1-month NDF was trading at 55.92

after closing in New York at 55.80/85.

* Asian shares and commodities staged a mild recovery on

Tuesday, with stocks holding a touch above 2012 lows, as

investors looked to European policymakers and the wider G7 to

take decisive action to address the worsening euro zone crisis.

* The euro edged up further from last week's two-year

low on Tuesday as sellers were tempted to pare back their huge

bets against the currency ahead of a conference call by the

Group of Seven financial policy makers.

* Brent crude prices rebounded for a second straight

session on Tuesday, rising above $99 per barrel on support from

a weaker dollar and hopes that the world's leading economies

will take new action to tackle the euro zone's debt crisis.



OVERNIGHT NEWS

* India will sell 150 billion rupees ($2.7 billion) of debt

on June 8, including a new 10-year bond, the Reserve Bank of

India said in a statement on Monday.

* Indian companies' investment overseas fell for the second

straight month in May, with total outbound foreign direct

investment at $2.35 billion, down 12 percent from April, data

from the Reserve Bank of India showed on Monday.



KEY EVENTS TO WATCH

* India's annual trade policy. (0630GMT)

* India Services PMI data. (0500GMT)



EXTERNAL COMMERCIAL BORROWINGS / MAJOR DEALS

* State-run Power Finance Corp is attempting to breathe new

life into India's dormant perpetual bond market with an

ambitious 25 billion rupees ($447 million) bond sale. (IFR)

* State-owned Hindustan Copper is planning to seek

cabinet approval for the sale of part of the government's stake,

an official at the Department of Divestment told local media.

(IFR)

* The IPO of steel producer Rashtriya Ispat Nigam, also

known as Vizag Steel, will be a crucial test of sentiment for

the country's divestment process. The company has already filed

its red herring prospectus for a $450 million offering to be

managed by Deutsche Bank and UBS. (IFR)

* Hero MotoCorp, India's largest two-wheeled

vehicle manufacturer, has approved a proposal to merge the

investment arm of its parent into the automaker, the company

said, 18 months after it announced its split from Honda Motor .



USD/INR NDFs (NY closing prices)

* For up-to-date prices, double click

Close Open High Low Volume

55.80-85 55.88 55.88 55.83 High



FII INVESTMENTS-EQUITIES (Net rupees)

June 4* -6.37 bln

Month-to-date** -7.73 bln

Year-to-date** 417.21 bln

* Provisional NSE data

** Source: SEBI (reporting date as of June 4, as submitted

by custodians)



FII INVESTMENTS-DEBT (Net Rupees)

Debt

June 1 -9.78 bln

Month-to-date 15.43 bln

Year-to-date 207.23 bln

Source: SEBI (reporting date as of June 4, as submitted by

custodians)



GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)

June 4

Foreign Banks 12.43 bln

Public Sector Banks -21.20 bln

Private Sector Banks 620.0 mln

Mutual Funds 6.46 bln

Others 4.28 bln

Primary Dealers -2.70 bln

Source: Clearing Corp of India Ltd



WEEKLY GOVERNMENT BOND AUCTIONS (In rupees)

MATURITIES DATE AMOUNT

10-Yr State Loans June 5 40.05 bln

91-Day T-Bills June 6 90 bln

182-Day T-Bills June 6 50 bln

Government Bonds June 8 150 bln

LIQUIDITY, as of June 4

* The Reserve Bank of India said on Monday it accepted all

40 bids for 933.55 billion rupees at its one-day repo auctions,

through which it injects liquidity into the banking system. It

also accepted a sole bid for 100 million rupees at the reverse

repo auction.

* Indian bank refinancings with RBI rise to 100.03 bln

rupees

* Indian banks' cash balances with RBI rise to 3.13 trln

rupees.



(Compiled by Subhadip Sircar; Editing by Rafael Nam)

Keywords: MARKETS INDIA/FX DEBT

(rafael.nam@thomsonreuters.com)(+91-22 6180-7425)(Reuters Messaging: rafael.nam.thomsonreuters.com@reuters.net)

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