BONDS, CURRENCIES & COMMODITIES


MDT/PTI 03 August 2012
During FY13, coal imports are expected to increase further and the gap between demand and domestic production is estimated to be 148 MMT. If the average price is Rs7,000 per metric tonne, it works out to be around Rs1 lakh crore market per annum, the Spot Exchange said   Mumbai:...

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MDT/PTI 02 August 2012
At 3.48% above the US treasuries, Exim Bank's bond issue beats the $1.25-billion bond sale that State Bank of India sold at 3.75% over the US government bonds, and makes it the cheapest ever five-year money raised by a domestic financial institution till date   Mumbai: The Exim Bank...

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MDT/PTI 30 July 2012
SEBI said it decided to extend ASBA facility in order to facilitate a system for making online applications for public issue of debt securities Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has allowed online subscription of bonds, a move that will reduce...

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MDT/PTI 26 July 2012
At 3.75% over the treasuries, this is one of the lowest coupons amongst the five-year issues. SBI also plans to list the bonds on the Singapore Exchange    Mumbai: The nation's largest lender State Bank of India has raised $1.25 billion (around Rs7,000 crore) from an overseas...

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MDT/PTI 26 July 2012
The commodity market regulator has doubled the deposit money that a trader is required to keep with exchanges for trading in turmeric following unusual price movement   New Delhi: Commodity market regulator, Forward Markets Commission (FMC), today said it would not allow traders to...

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Moneylife Digital Team 05 July 2012
Measures to woo FIIs to buy government securities to strengthen the rupee have misfired. But FIIs have in fact made the rupee stronger—by pouring money into the equity market   The government’s landmark $10 billion auction of government securities (G-Secs) turned out to be a flop,...

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MDT/PTI 03 July 2012
The rupee moved past 55 level against the US dollar for the first time in nearly six weeks The rupee gained a massive 105 paise to move past the 55 level against the dollar for the first time in nearly six weeks on sustained capital inflows amid government measures to revive the economy,...

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MDT/PTI 03 July 2012
A successful bond offering by SBI could be followed by at least two other banks, ICICI Bank and Indian Overseas Bank looking to raise funds through US dollar bonds   New Delhi: State-run lender State Bank of India (SBI) is planning to raise up to $2 billion in overseas borrowings...

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MDT/PTI 02 July 2012
The NDS-OM is an electronic, screen based, anonymous, order driven trading system for dealing in government securities   Mumbai: The Reserve Bank of India (RBI) has introduced Internet-based platform for trading in secondary market of government securities for gilt account holders,...

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World coffee production is estimated at 138 million bags in 2011-12 coffee year (October- September), while that for 2012-13 is forecast at a record 148 million bags New Delhi: Global coffee production is expected to rise by 7% to record 148 million bags in 2012-13 coffee year, beginning...

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Moneylife Digital Team 28 June 2012
Coffee World coffee exports declined by nearly 12%, year-on-year (yoy), to 8.77 million bags in April this year, International Coffee Organisation (ICO) has said. For the 12 month period ending April 2012, total coffee shipments were down at 101.99 million bags as against 103.35 million...

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Moneylife Digital Team 28 June 2012
Currently, MCX copper futures are back to the lows it reached in January 2012. As of 7 June 2012, copper futures were quoting at Rs411/kg, which is less than the price at start of the year. Copper prices have been falling due to low demand. Despite the People’s Bank of China cutting borrowing...

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MDT/PTI 27 June 2012
After RBI increased the limit of FII investments in government debt and initiated other steps, SEBI will hold a special auction on 4th July for foreign institutional investors   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said a special auction of debt...

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Vidur Pendharkar 26 June 2012
There is a strong likelihood of soyabean topping out before end of August 2012 in the price range between Rs3,850 andRs4,100. Thus, it would be prudent to exit longs in soyabean in any further rise even though it’s in a “new high” territory Soyabean close: 3,746 (23/06/2012)

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MDT/PTI 22 June 2012
Kerala government is planning to float Pravasi Development Bonds for attract investments from non-resident Indians for the state's development projects Thiruvananthapuram: Kerala government plans to float Pravasi Development Bonds with a view to attract investments from non-resident...

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While equity markets are rallying on hopes, copper prices, which signifies actual economic expansion, is subdued – even after China’s rate cut. Should equity markets be worried?   Copper is called the metal with PhD because it is the bellwether for economic activity. The metal is widely...

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Moneylife Digital Team 10 May 2012
The government should remove tax deduction at source (TDS) for bonds floated by companies to strengthen the corporate bond market, Confederation of Indian Industry (CII) said. “The debt market plays a pivotal role in emerging economies which require huge amounts of capital and resources to...

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Moneylife Digital Team 08 May 2012
Powerful traders, who indulged in malpractices, neither have any fear of the FMC, nor are they bothered by the fine that can be imposed upon them, which has caused irregulatities of about Rs4,000 crore, the parliamentary panel said Nagpur: A Parliamentary Committee on Food, Consumer...

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