GLOBAL MARKETS ROUNDUP

* Asian shares snapped a week-long winning streak on Friday,

tracking global equities lower on concerns that U.S. lawmakers

are still too far apart to avert a fiscal crisis with an

end-of-year deadline looming.

* The yen remained in the doldrums on Friday as investors

continued to give it a wide berth on expectations the Bank of

Japan would print more money next week to stimulate the world's

third biggest economy.

* Oil prices fell on Thursday as worries about the economic

impact of a U.S. fiscal crisis overshadowed improvements in U.S.

jobs data and retail sales.

* U.S. debt prices slid on Thursday after an auction of

30-year bonds saw cautious bidding in the wake of U.S. Federal

Reserve monetary policy easing the previous day, with

better-than-expected jobs data also eroding Treasuries' safe

haven appeal.

LOCAL MARKETS PREVIOUS CLOSE

* BSE index 19,229.26 points (-0.65 pct)

* NSE index 5,851.50 points (-0.62 pct)

* Rupee 54.46/47 per dollar (54.32/33)

* 10-year bond yield 8.16 pct (8.18 pct)

* 5-year OIS rate 7.10 pct (7.09 pct)

* 1-year OIS rate 7.66 pct (7.67 pct)

* Call money 8.00/8.10 pct (8.05/8.10 pct)

OVERNIGHT NEWS

* Indian inflation probably picked up in November as a weak

currency pushed up the price of imported fuel, adding to the

challenges facing a central bank torn between fighting rising

prices and an economic slowdown, a Reuters poll showed.

* India approved a new policy to encourage investment in

urea manufacturing, a senior minister told reporters on

Thursday, a move likely to expedite $6.5 billion in projects

that have been held back and to reduce the country's reliance on

imports.

* India's cabinet approved the creation of a special panel

on Thursday with watered-down powers to speed up the notoriously

slow implementation of big-ticket infrastructure projects.

* Indian stocks are expected to climb to a record high by

the end of next year based on expected interest rate cuts and

the government's resolve to press on with reforms, a Reuters

poll showed.

* The Indian cabinet approved a 30 percent cut in the

reserve price of mobile phone airwaves in four telecommunication

zones, a minister said on Thursday, after carriers shunned last

month's auction in those zones saying the prices were too high.

* Indian companies directly invested $2.31 billion overseas

in November, higher than $2.03 billion a month earlier, data

from the central bank showed on Thursday.

KEY FACTORS/EVENTS TO WATCH

* India finance ministry conference on reviving economic

growth. (0400GMT)

* India November WPI inflation. (0630GMT)

MAJOR DEALS/ACQUISITIONS

* The $300 million six-year term loan for GAIL (India),

formerly Gas Authority of India, garnered close to $150 million

in commitments in general syndication. (IFR)

* Chartered Hotels obtained a 1.176 billion rupees (US$22m)

11.5-year term loan arranged by mandated lead arranger and

bookrunner Kotak Mahindra. (IFR)

USD/INR NDFs (NY closing prices)

* For up-to-date prices, double click

Close Open High Low Volume

54.78-82 54.72 54.81 54.64 High

FII INVESTMENTS-EQUITIES (Net dollars)

Dec. 13* $230.92 mln#

Month-to-date** $2.20 bln

Year-to-date** $21.98 bln

* Provisional NSE data

** Source: Data as per custodial filing as on Dec. 13 on

SEBI website.

#(As per Reuters conversion, $1 = 54.435 rupees)

FII INVESTMENTS-DEBT (Net Dollars)*

Debt

Dec. 12 $20.79 mln

Month-to-date -$83.42 mln

Year-to-date $6.25 bln

* Source: Data as per custodial filing as on Dec. 13 on SEBI

website.

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

Dec. 13

Foreign Banks -1.29 bln

Public Sector Banks -13.25 bln

Private Sector Banks 1.94 bln

Mutual Funds 4.15 bln

Others -5.83 bln

Primary Dealers 14.27 bln

Source: Clearing Corp of India Ltd

MONEY MARKET INFLOWS

INSTRUMENT PAYMENT DATE AMOUNT (IN MLN RUPEES)

SDL 08.74%, 2021 Interest Dec 14 152.95

(PUNJAB)

7.17% 2015 Interest Dec 14 20076.00

91 days T-Bill Redemption Dec 14 95370.00

364 days T-Bill Redemption Dec 14 40000.00

SDL 07.39%, 2015 Interest Dec 15 805.93

(10 States)

SDL 07.81%, 2016 Interest Dec 15 132.77

(2 States)

SDL 07.89%, 2016 Interest Dec 15 65.67

(ASSAM)

SDL 07.93%, 2016 Interest Dec 15 320.68

(2 States)

SDL 07.94%, 2016 Interest Dec 15 180.81

(2 States)

SDL 07.99%, 2016 Interest Dec 15 76.93

(JHARKHAND)

SDL 07.33%, 2015 Interest Dec 17 132.36

(KERALA)

For full table:

LIQUIDITY

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

27 bids for 811.55 billion rupees at its one-day repo auction,

through which it injects liquidity into the banking system. It

said it accepted the sole bid for 50 million at its reverse repo

auction through which it absorbs liquidity from the system.

* Indian banks' refinancing with RBI unchanged at 232.46

billion rupees.

* Indian banks' cash balances with RBI fall to 2.8 trillion

rupees.

(Compiled by Subhadip Sircar)

Keywords: MARKETS INDIA FX DEBT/PREOPENER

(subhadip.sircar@thomsonreuters.com)(+91-22-61807201)(Reuters Messaging: subhadip.sircar.thomsonreuters.com@reuters.net)

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