Rupee Bond Traders To Await Rs 20,000 Crore T-Bill Sale

Indian bond traders will await a Rs 20,000 crore ($2.7b) sale of Treasury bills to gauge the direction of short-term rates. Rupee traders will watch for inflows with a large initial share sale due to open Thursday.

• USD/INR fell 0.2% to 74.9588 on Tuesday
• 10-year yields rose 1bp to 6.36%
• Global funds sell net Rs 2,370 crore of India stocks Tuesday: NSE
• They bought Rs 35 crore of sovereign bonds under limits available to foreign investors, and withdrew Rs 92 crore of corporate debt
• State-run banks bought Rs 1,260 crore of sovereign bonds on Oct. 26: CCIL data. Foreign banks sold Rs 894 crore of bonds.

Source: Bloomberg

• Selling Inherited Gold? Income Tax Rules You Should Know – Gold Silver Reports
• Kalyan Jewellers Plans to Raise As Much as $235 Million – GSR
• Gold Jewellery sale rises 16% in Nov
• Gold MCX Support Levels at 29170
• Treasury Bill Sale of Rs 15,000 crore by the Government Today