GLOBAL MARKETS ROUNDUP

* Oil and equities dawdled on Monday near multi-month highs

scaled after robust Chinese trade data last week, while the euro

slipped to a two-week low as uncertainty surrounded a political

scandal in Spain and a looming election in Italy.

* The euro dipped to a two-week low in Asia on Monday,

continuing to pull back from 15-month highs following what

markets perceived as slightly dovish comments from the European

Central Bank and political uncertainty in Italy and Spain.

* Brent oil futures hit a nine-month high near $119 a barrel

on Friday after data showed strong growth in Chinese oil

imports, rounding out four straight weeks of gains for the

contract and taking its premium over U.S. crude to more than

$23.

* U.S. Treasuries ended near flat on Friday after dipping

during the session when stocks resumed their climb and traders

got ready for $72 billion in new government debt supply next

week.

LOCAL MARKETS PREVIOUS CLOSE

* BSE index 19,484.77 (-0.49 pct)

* NSE index 5,903.50 (-0.59 pct)

* Rupee 53.50/51 per dollar (53.22/23)

* 10-year bond yield 7.84 pct (7.88 pct)

* 5-year OIS rate 7.23 pct (7.25 pct)

* 1-year OIS rate 7.60 pct (7.62 pct)

* Call money 7.80/7.85 pct (7.45/7.55 pct)

FACTORS TO WATCH

* India is due to release the country's merchandise trade

data for January at 0630 GMT.

* India's central bank Governor Duvvuri Subbarao will confer

degrees to students at a convocation ceremony of the central

bank sponsored Indira Gandhi Institute of Development Research

at 0530 GMT.

OVERNIGHT NEWS

* India's economy will grow by 5.5 percent this fiscal year

and 6-7 percent in the next fiscal year, as Asia's third-largest

economy shows signs of reviving, Finance Minister P. Chidambaram

said on Saturday.

* India plans to cut its fertiliser subsidy bill by at least

15 percent for the fiscal year 2013-14, four sources told

Reuters, a move that takes advantage of a fall in international

prices to help narrow the country's fiscal deficit.

MAJOR DEALS/ACQUISITIONS

* India's Sun Pharmaceutical Industries Ltd, which

has been on a buying spree, ended its agreement to gain full

control over its Israeli unit Taro Pharmaceutical Industries Ltd .

USD/INR NDFs (NY closing prices)

* For up-to-date prices, double click

Close Open High Low Volume

54.00-03 53.90 54.05 53.85 High

FII INVESTMENTS-EQUITIES (Net dollars)

Feb. 8* $278.66 mln#

Month-to-date** $3.23 bln

Year-to-date** $7.29 bln

* Provisional NSE data

** Source: Data as per custodial filing as on Feb. 8 on SEBI

website.

#(As per Reuters conversion, $1 = 53.50 rupees)

FII INVESTMENTS-DEBT (Net Dollars)*

Debt

Feb. 7 -$8.04 mln

Month-to-date $233.88 mln

Year-to-date $784.90 mln

* Source: Data as per custodial filing as on Feb. 8 on SEBI

website.

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

Feb. 8

Foreign Banks 9.57 bln

Public Sector Banks -34.98 bln

Private Sector Banks 20.62 bln

Mutual Funds 17.39 bln

Others 4.18 bln

Primary Dealers -16.78 bln

Source: Clearing Corp of India Ltd

MONEY MARKET INFLOWS (mln rupees)

Instrument Payment Date Amount

SDL 08.51%, 2021 Interest Feb 11 212.75

(PUNJAB)

SDL 08.52%, 2021 Interest Feb 11 213.00

(JHARKHAND)

SDL 08.53%, 2021 Interest Feb 11 426.50

(GUJARAT)

SDL 08.55%, 2021 Interest Feb 11 427.50

(WEST BENGAL)

SDL 08.56%, 2021 Interest Feb 11 1498.00

(2 States)

SDL 08.58%, 2021 Interest Feb 11 429.00

(UTTAR PRADESH)

8.51% FRB 2015 Interest Feb 11 2553.00

7.50% 2034 Interest Feb 11 22500.00

10.47% 2015 Interest Feb 12 3366.11

For full table:

ISSUANCES

Instrument Amount Date

Tbills 100 bln rupees Feb. 13

LIQUIDITY

* The RBI said on Friday it accepted all 65 bids for a

combined total of 1.08 trillion rupees at its twin three-day

repo auctions, through which it injects cash into the banking

system. It also accepted all 5 bids for 10.95 billion rupees at

its reverse repo auction, through which it absorbs cash from the

system.

* Indian banks' refinancing with RBI falls to 191.07 billion

rupees.

* Indian banks' cash balances with RBI fall to 2.70 trillion

rupees.

(Compiled by Swati Bhat)

Keywords: MARKETS INDIA FX DEBT/PREOPENER

(swati.bhat@thomsonreuters.com)(+91-22-61807353)(Reuters Messaging: swati.bhat.thomsonreuters.com@reuters.net)

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