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DEBT WEEKLY
8th
July, 2013 For the Week 8
th
July – 12
th
July, 2013
Headlines
 The external commercial borrowing (ECB) in May’13 stood $2486.53 million comprising $1113.73 million through
automatic route and $1372.81 million through approval route.
 The eight core industries (weight: 37.9% in the IIP) grew 2.3% in May’13 compared to 7.2% growth in May’12 and
registered an average growth of 2.4% during April – May 2013.
 Collateralized money market instrument – CBLO registered a new record high of Rs.110891 crore in its trading volume
on July 5, 2013.
 PMEAC chairman C Rangarajan projected at least 6% GDP growth in 2013-14.
 As Indian rupee repeatedly breached the psychological barrier of 60 against the US dollar this week on account of
month-end demand of the US dollar, India’s foreign exchange reserves decreased $3.2 billion on sharp rise in the US
dollar selling by the RBI to defend dollar.
10 Year G-Sec (8.15%) Benchmark
Key Market Rates
(%) 01/07/2013 05/07/2013 Change (bps)
Call 7.17 6.58 -59.00
Repo 6.32 6.38 6.38
CBLO 6.39 6.45 6.45
Money Market Volumes
Rs (Cr) 01/07/2013 05/07/2013 Change (%)
Call 108044 76321 -29.36%
Repo 172260 126961 -26.30%
CBLO 384726 409191 6.36%
LAF R Repo 21955 17265 -21.36%
LAF Repo 327415 111380 -65.98%
Treasury Bill Benchmark (%)
Tenor 01/07/2013 05/07/2013 Change (bps)
7 7.4148 7.4000 -1.48
30 7.4281 7.2699 -15.82
60 7.4444 7.3508 -9.36
90 7.4571 7.4251 -3.20
180 7.4474 7.4845 3.71
364 7.4115 7.4561 4.46
Commercial Paper Benchmark (%)
Tenor 01/07/2013 05/07/2013 Change (bps)
30 8.1250 7.7750 -35.00
60 8.2688 8.0000 -26.88
90 8.4125 8.2250 -18.75
180 8.7500 8.5375 -21.25
364 8.9000 8.7500 -15.00
G-Sec Yield (%)
Corporate AAA Spread (bps)
PSU AAA Spread (bps)
MoM WPI Inflation (%)
Feb.’13 Mar.’13 Apr.’13 May’13
6.84% 5.96% 4.86% 4.70%
Key Policy Rates (%)
CRR SLR Bank Rate Repo Rate
4.00% 23.0% 8.25% 7.25%
For Further Details/Clarifications please contact:
RR Information & Investment Research Pvt. Ltd.
47, MM Road Jhandewalan New Delhi-110055 (INDIA)
Tel: 011-23636362/63
research@rrfcl.co
m
www.rrfinance.com
www.rrfcl.com
CATCH US ON LIVE CHAT (9:00 AM TO 6:00 AM)
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Morning Pack
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Mid Session Market
Daily Market Review
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Debt market weekly report

  • 1. DEBT WEEKLY 8th July, 2013 For the Week 8 th July – 12 th July, 2013 Headlines  The external commercial borrowing (ECB) in May’13 stood $2486.53 million comprising $1113.73 million through automatic route and $1372.81 million through approval route.  The eight core industries (weight: 37.9% in the IIP) grew 2.3% in May’13 compared to 7.2% growth in May’12 and registered an average growth of 2.4% during April – May 2013.  Collateralized money market instrument – CBLO registered a new record high of Rs.110891 crore in its trading volume on July 5, 2013.  PMEAC chairman C Rangarajan projected at least 6% GDP growth in 2013-14.  As Indian rupee repeatedly breached the psychological barrier of 60 against the US dollar this week on account of month-end demand of the US dollar, India’s foreign exchange reserves decreased $3.2 billion on sharp rise in the US dollar selling by the RBI to defend dollar. 10 Year G-Sec (8.15%) Benchmark Key Market Rates (%) 01/07/2013 05/07/2013 Change (bps) Call 7.17 6.58 -59.00 Repo 6.32 6.38 6.38 CBLO 6.39 6.45 6.45 Money Market Volumes Rs (Cr) 01/07/2013 05/07/2013 Change (%) Call 108044 76321 -29.36% Repo 172260 126961 -26.30% CBLO 384726 409191 6.36% LAF R Repo 21955 17265 -21.36% LAF Repo 327415 111380 -65.98% Treasury Bill Benchmark (%) Tenor 01/07/2013 05/07/2013 Change (bps) 7 7.4148 7.4000 -1.48 30 7.4281 7.2699 -15.82 60 7.4444 7.3508 -9.36 90 7.4571 7.4251 -3.20 180 7.4474 7.4845 3.71 364 7.4115 7.4561 4.46 Commercial Paper Benchmark (%) Tenor 01/07/2013 05/07/2013 Change (bps) 30 8.1250 7.7750 -35.00 60 8.2688 8.0000 -26.88 90 8.4125 8.2250 -18.75 180 8.7500 8.5375 -21.25 364 8.9000 8.7500 -15.00
  • 2. G-Sec Yield (%) Corporate AAA Spread (bps) PSU AAA Spread (bps) MoM WPI Inflation (%) Feb.’13 Mar.’13 Apr.’13 May’13 6.84% 5.96% 4.86% 4.70% Key Policy Rates (%) CRR SLR Bank Rate Repo Rate 4.00% 23.0% 8.25% 7.25%
  • 3. For Further Details/Clarifications please contact: RR Information & Investment Research Pvt. Ltd. 47, MM Road Jhandewalan New Delhi-110055 (INDIA) Tel: 011-23636362/63 research@rrfcl.co m www.rrfinance.com www.rrfcl.com CATCH US ON LIVE CHAT (9:00 AM TO 6:00 AM) RR Research Products and Services: Online Equity Calls during Market Hours (9:00 AM to 3:30 PM) Online Commodity Calls during Market Hours (10:00 AM to 11:30 PM) Online Currency Calls during Market Hours (10:00 AM to 5:00 PM) Daily Morning Pack  Equity – Morning Bell  Debt – Morning Bell  Commodity – Morning Bell  Currency – Morning Bell Mid Session Market Daily Market Review Weekly Pack  Equity - Weekly  Debt - Weekly  Commodity - Weekly  Currency – Weekly Fundamental Research  Global Market Analysis  Economic Analysis  Industry Analysis  Company Research & Valuations  Result Updates  News Updates  Events Updates IPO / FPO Analysis Mutual Fund Analysis Insurance Analysis Investment Monitor – The complete monthly magazine design for Indian investors Join Us on Facebook: https://www.facebook.com/RRFinancialConsultants Follow Us on Twitter: - https://twitter.com/rrfinance1 Connect With us on Linked In:- http://www.linkedin.com/in/rrfinance Follow us on Google+: https://plus.google.com/102387639341063312684/about Follow Our Blog:- http://rrfinancialconsultants.wordpress.com/ RR, All rights reserved Page 2 of 3
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The contents and the information herein is solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial and insurance products and instruments. Nothing in this report constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients specific circumstances. The securities and products discussed and opinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs. Please note that fixed deposits, bonds, debentures are loans/lending instruments and the investor must satisfy himself/herself on the financial health of the company/bank/institution before making any investment. RR and/or its affiliates take no guarantee of soundness of any company or scheme. 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