Eros Share News (EROS)

Wed, 30th May 2012 04:20

MUMBAI, May 30 (Reuters) - GLOBAL MARKETS ROUNDUP

* USD/INR could gain towards 56 as risk assets fall from

favour because of fears about Spain's banking woes. The pair

last closed at 55.67/68 per dollar. Traders will watch for any

possible central bank intervention around 56 levels.

* Asian shares slipped on Wednesday, hurt by

fears that Spain's banking woes will push up the country's

borrowing costs to unsustainable levels although falls were

limited on hopes that Greece would stay in the euro zone and for

China stimulus steps.

* The euro fell to a two-year low against the dollar

on Wednesday on worries about soaring Spanish bond yields while

the Australian dollar fell after weaker-than-expected Australian

retail sales data.

* Oil prices fell on Tuesday in choppy trading,

faltering after a downgrade of Spain's credit rating sent the

euro to nearly a two-year low against the dollar.



OVERNIGHT NEWS

* Indian state-fuel retailers could cut retail prices of

gasoline by about two rupees a litre from next month if global

oil prices and the rupee stabilise at current levels, said S.Roy

Choudhury, chairman of Hindustan Petroleum Corp.

*Indian federal government's large borrowing could crowd out

credit to the private sector, Duvvuri Subbarao, governor of the

Reserve Bank of India said on Tuesday.



KEY EVENTS TO WATCH

* RBI to release money supply data. (1230GMT)



EXTERNAL COMMERCIAL BORROWINGS / MAJOR DEALS

* The Singapore Exchange has approved the proposed listing

of Religare Healthcare Trust, a business trust based on assets

owned by Indian hospital operator Fortis.

There is no timetable for listing, and market sources expect

the exchange to first allow the $2 billion Malaysia and

Singapore IPO of Integrated Healthcare Holdings.

* Sole bookrunner ICICI Bank has launched a $55 million

seven-year loan for Mumbai-listed Man Industries (India). The

loan, marking the borrower's debut, pays an all-in of 500bp over

Libor based on an average life of five years.



USD/INR NDFs (NY closing prices)

* For up-to-date prices, double click

Close Open High Low Volume

56.14-18 55.93 56.36 55.92 High



FII INVESTMENTS-EQUITIES (Net rupees)

May 29* 905.0 mln

Month-to-date** -6.20 bln

Year-to-date** 422.22 bln

* Provisional NSE data

** Source: SEBI (reporting date as of May 29, as submitted

by custodians)



FII INVESTMENTS-DEBT (Net Rupees)

Debt

May 28 8.56 bln

Month-to-date 25.51 bln

Year-to-date 181.62 bln

Source: SEBI (reporting date as of May 29, as submitted by

custodians)



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

May 29

Foreign Banks 2.89 bln

Public Sector Banks 4.02 bln

Private Sector Banks 1.64 bln

Mutual Funds -2.66 bln

Others 1.62 bln

Primary Dealers -7.51 bln

Source: Clearing Corp of India Ltd



WEEKLY GOVERNMENT BOND AUCTIONS (In rupees)

MATURITIES DATE AMOUNT

91-Day T-Bills May 30 100 bln

364-Day T-Bills May 30 50 bln

Government bonds June 1 150 bln



BOND INTEREST/REDEMPTIONS

INSTRUMENT PAYMENT DATE AMOUNT (Mln rupees)

9.81% 2013 Interest May 30 5395.50

10.00% 2014 Interest May 30 1166.63

10.25% 2021 Interest May 30 13434.33

For full table, see



LIQUIDITY, as of May 29

*Indian banks borrowed 800 million rupees ($14.4 million)

from the Reserve Bank of India's marginal standing facility

(MSF) on May 28.

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

36 bids for 754.5 billion rupees ($13.5 billion) at its one-day

repo auction, through which it injects liquidity into the

banking system. It got no bids at the reverse repo auction.

* Indian bank refinancings with RBI fall to 81.45 bln

rupees

* Indian banks' cash balances with RBI rise to 3.15 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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