E-UPDates—A Monthly Statistical Bulletin

EUpDates March 2017

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E-UpDates March 2017 Surge Research Support

2

A Quick Review of the Economy

Although there is some improvement in economic indicators across the global economy as headwinds in commodity exporters gradually diminish, the uncertainty surrounding the speed of future monetary policy changes by major central banks could keep global economic growth contained, as the Fed continues to normalize interest rates and the ECB faces increasing inflation. Downside risks still dominate the outlook and are associated with heightened policy uncertainty, protectionist pressures, and potential financial market disruptions.

US: Most measures of business and consumer confidence have improved decidedly since the November election, which has raised hope that the economy will accelerate in 2017. Much of the rise in optimism is based on hope that tax reform, a roll back of regulations and increased infrastructure spending will spur economic growth. The for capital spending outside of the energy sector has also improved now that the nearly two-year slide in industrial activity appears to have ended. The ISM manufacturing PMI ended 2016 on a strong note, with production and the forward-looking new orders rising to their highest levels in two years. Alternative measures of core inflation in the US, including PCE inflation and the Dallas Fed’s PCE trimmed mean measures, show inflation is now very close to the Fed’s target and in a rising trend. The Fed is thus close to its dual mandate, recent evidence suggests that economic growth remains above trend, and further progress is being made towards the Fed’s goal of full employment and 2% inflation. A Fed rate hike on 15 March is now widely expected.

A gauge of globalequity price movements, the MSCI World equity index reached a High of 447.67 and a Low of 432.58 in February. Risky credit has been outperforming by far; the Bloomberg Barclays Global High Yield Index returned 19% over the past year (in end-February) while a global Treasuries index has lost 1.2% over the same period.

Though GDP growth slowed to 7% in October-December 2016-17 — the slowest in over nine quarters — it was still stronger than expected considering the impact of the government’s decision to withdraw high-value currency notes in the economy in this quarter. Some sectors such as agriculture, mining and manufacturing had performed better than expected in the period. In the third quarter of 2015-16, the economy had expanded at 7.5%. GVA growth was 6.6% in the third quarter against 7% a year ago. CSO has maintained its GDP growth forecast for the fiscal at 7.1%. The economy grew at 7.9% in 2015-16.

IIP contracted 0.4% y-o-y in December 2016 in contrast to 5.7% growth in November. Consumer durables output declined 10.3% in December, compared with a growth of 9.8 percent in the previous month mostly in line with the expected effects of demonetisation. Among important items that registered sharp declines were Three-wheelers (including passenger and goods carrier’ -43.3%) and Two-wheelers (around -25%).Capital goods were lower by 3% in December, confirming subdued investment sentiment. Manufacturing output declined by 2% as 17 out of 22 manufacturing sub-sectors reported contraction in December 2016 with office, accounting & computing machineryleading with a 23.9% contraction. Core sector output expanded at a slower pace of 3,4 % in January 2017 compared to the 5.6% growth recorded in December 2016, but faster than the pace of 2.9% recorded in January 2016.

During January, 2017 exports grew 4.32% yoy in dollar terms (US$ 22115.03 million) and 5.6% in rupee terms (Rs. 150559.98 crore). For the period April-January 2016-17 exports registered growth of 1.09% in dollar terms and 4.5% in rupee terms, over the same period last year. During January, 2017 imports grew 10.7% yoy in dollar terms (US$ 31955.94 million) and 12.1% in rupee terms (Rs. 217557.32 crore). For the period April-January 2016-17 imports declined by 5.8% in dollar terms and 2.6% in rupee terms, over the same period last year. Oil imports during January grew by 61.1% yoy to US$8140.83 million.

Annual WPI inflation for November 2016 based on the final index was 3.38%. Wholesale inflation shot up to a 30-month high of 5.25% (provisional) in January as rising global crude oil prices spiked domestic fuel cost, even as food prices moderated. The index for ‘Food Articles’ group declined by 0.56% (1.1%, m-o-m) mainly driven by lower inflation for Vegetables at -32.3% (-7%, m-o-m), pulses at 6.21%(-12%, m-o-m and compared to 45% in January 2016) and potatoes at -0.2 (-31%, m-o-m and down from 73.6% in September). The Manufactured Products (Weight 64.97%) index rose by 3.99% (0.5%, m-o-m). Inflation in the 'Fuel and Power' basket more than doubled to 18.14% in January, up from 8.65% in the previous month.

Annual CPI and CFPI inflation for December 2016 based on the final index were at 3.41% and 1.37%, respectively.

The Centre’s fiscal and revenue deficits between April and January exceeded the Budget target for 2016-17. The fiscal deficit shot up to Rs. 5,64,192 crore, amounting to 105.7% of the Budget estimate in April- January 2016-17. RBI has been progressively moving the liquidity conditions close to neutrality—— a level of liquidity adequate enough to meet demand. RBI expects surplus liquidity to decline with progressive remonetisation and the current abundant liquidity with banks is likely to persist till early 2017-18. Average daily liquidity absorbtion (net) during February was around Rs. 927 crore. Overnight rates remained below the policy repo rate. However, with rising inflation and inflation expectations and the neutral stance of RBI constant maturity yields (CMYs) of long term GSecs have hardened by 30 to 40 basis points.

Capital mobilisation in the primary market for equity during December 2016 was Rs. 4581 crore compared to Rs. 3777 crore in November. In December 2016, Rs. 59,587 crore was raised through private placement route in the corporate bond market compared to Rs. 38,645 in November. The Sensex reached a high of 290653 and a low of 27590 in February and closed the month at 28743 up from 27980 in the previous month. FPI and Mutual Fund investment in the equity and debt markets remained positive in the month.


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Contents Page

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Table of Contents

1. Key Rates to Remember

2. Indian Economy — Growth Indicators

3. Indian Economy — Price Indicators

4. Indian Economy — Banking Indicators

10. Global Economy — Economic Indicators

11. Global Economy — Stock Indices

12. Global Economy — Commodity Indices

5. Indian Economy — Exchange Rates

6. Indian Economy — Interest Rates

7. Indian Economy — Stock Markets

8. Indian Economy — Capital Flows

9. Indian Economy — Commodity Markets

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2016-17* 7.20% Dec-16 -0.40%

2015-16* 7.70% Dec-15 -0.90%

As on 28-Feb-17 29-Feb-16 As on 28-Feb-17 29-Feb-16

Repo rate 6.25% 6.75% CRR 4.00% 4.00%

Reverse repo rate 5.75% 5.75% Base rate 9.25-9.65% 9.30-9.70%

MSF rate 6.75% 7.75% CMR 4.75-6.25% 5.00-7.50%

Inflation CPI-C* CFPI-C* WPI

Jan-17 3.17% 0.53% 5.25% Feb-17 54.36

Jan-16 5.69% 6.85% -1.07% Feb-16 31.05

*Base: 2012=100 US$ per barrel

February

50.7 28-Feb-17 66.7450.3 29-Feb-16 68.62

GDP IIP

Base : 2004-05=100.

Oil Price (World Average)

Purchasing Managers Index US$/Rupee Rate

*April-December; New Series (at

2011-12 prices).

Nikkei Markit Mnfg. PMI

Nikkei Markit Services BAI

RBI Reference rate

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GDP Growth Rates

(at 2011-12 prices)

Q1 Q2 Q3 Q4 FY

2016-17 7.2 7.4 7.0 7.1 (2nd AE)

2015-16 7.5 7.6 7.2 7.9 7.6 (PE)

GVA at Basic Price by Economic

Activity

1 Agriculture, forestry & fishing 16,87,064 4.4 16,16,461 0.8

2 Mining & quarrying 3,49,351 1.3 3,44,972 12.3

3 Manufacturing 20,07,564 7.7 18,63,835 10.6

4 Electricity, gas, water supply &

other utlility services

2,39,203 6.6 2,24,323 5.1

5 Construction 8,79,525 3.1 8,52,821 2.8

6 Trade, hotels, transport,

communication and services related

to broadcasting

21,33,851 7.3 19,88,512 10.7

7 Financial, real estate & professional

services

24,43,633 6.5 22,94,193 10.8

8 Public administration, defence and

Other Services

14,28,124 11.2 12,84,603 6.9

9 GVA at basic prices (1 to 8) 111,68,315 6.7 104,69,720 7.8

Estimates of Final Expenditures

on GDP

10 Private final consumption 68,25,585 7.2 (56.1) 63,66,043 7.3 (56.1)

11 Government final consumption 12,90,553 17.0 (10.6) 11,02,961 2.9 (9.7)

12 Gross fixed capital formation

(GFCF)

35,55,361 0.6 (29.2) 35,35,296 6.1 (31.1)

13 Changes in stocks (CIS) 3,08,426 17.2 (2.5) 2,63,071 7.9 (2.3)

14 Valuables 1,18,069 `-34.2 (1.0) 1,79,371 `-4.8 (1.6)

15 Exports 24,29,413 2.3 (20.0) 23,75,780 `-5.4 (20.9)

16 Less (-) Imports 24,80,531 `-1.2 (20.4) 25,10,401 `-5.9 (22.1)

17 Discrepancies (GDP less 10 to 16) 1,18,605 `(1.0) 45,407 `(0.4)

18 GDP (10 to 17) 121,65,481 7.1 (100.0) 113,57,529 7.9 (100.0)

Growth Indicators

YoY Growth

(Share in

GDP) (%)

GDP

[at Constant(2011-12) prices]

2016-17

(2nd AE)

Rs.Crore YoY Growth

(Share in

GDP) (%)

2015-16

(1st RE)

Rs.Crore


6

1 GVA at basic prices 111,68,315 6.7 104,69,720 7.8

2 Net Taxes 9,97,166 12.3 8,87,809 9.2

3 GDP (1+2) 121,65,481 7.1 113,57,529 7.9

4 Net Domestic Product (GDP less

Consumption of Fixed Capital)

108,03,651 7.2 100,80,883 8.0

5 Net factor income from abroad -1,37,347 -1,34,596

6 Gross National Income (4+6) 120,28,134 7.2 112,22,933 7.9

7 Net National Income (GNI less

Consumption of Fixed Capital)

106,66,303 7.2 99,46,287 8.0

8 Population (in million) 1,299 1.2 1,283 1.3

9 Per capita GDP (Rs.) 93,653 5.8 88,523 6.6

10 Per capita GNI (Rs.) 92,595 5.9 87,474 6.6

11 Per capita NNI (Rs.) 82,112 5.9 77,524 6.6

12 Per capita PFCE (Rs.) 52,545 5.9 49,618 6.0

AE : Advance Estimates; PE : Provisional Estimates; RE : Revised Estimates.

Index of Industrial Production Dec-16 Dec-15 Dec-16 FY2016-17* FY2015-16*

General Index 183.5 184.2 -0.4 0.3 3.2

1. Mining 144.5 137.3 5.2 0.9 2.3

2. Manufacturing 189.3 193.1 -2.0 -0.5 3.2

3. Electricity 194.7 183.2 6.3 5.1 4.5

*April-December.

Index 2004-05 =100 Change (YoY, %)

Rs.Crore YoY Growth

(%)

GDP

[at Constant(2011-12) prices]

2016-17

(2nd AE)

Rs.Crore YoY Growth

(%)

2015-16

(1st RE) 126.5

129.3

126.4

186.0

189.8

185.9

178.6

188.6

198.2

176.8181.1

178.7

100

110

120

130

140

150

160

170

180

190

200

210

2014-15 2015-16 2016-17

IIP-Annual Averages (Base : 2004-05=100) Mining & Quarrying

(141.75)

Manufacturing (755.27)

Electricity (103.16)

General Index (1000.0)


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Wholesale Price Index

(Base: 2004-05=100)

(Inflation %)

All

Commodities

Primary Articles Food Articles Non-food

Articles

Crude

Petroleum

Manufactured

Products

November– 2016 183.1 (3.15) 259.4 276.1 221.4 182.4 157.9

December– 2016 182.8 (3.39) 256.3 270.1 225.6 189.7 158.0

January– 2017 184.6 (5.25) 255.7 267.2 231.3 182.3 158.8

Consumer Price Index

(Inflation %)

All India

General Index

(All Groups

combined)

Base 2010=100

Rural Areas (All

Groups) Base

2010=100

Urban Areas

(All Groups)

Base 2010=100

Industrial

Workers Base

2001=100

Rural

Labourers

Base 1986-

87=100

Agricultural

Labourers

Base 1986-

87=100

November– 2016 131.2 (3.63) (F) 133.6 (4.13) (F) 128.4 (3.05) (F) 277 (2.59) 883 (3.03) 878 (2.93)

December– 2016 130.4 (3.41) (F) 132.8 (3.83) (F) 127.6 (2.90) (F) 275 (2.23) 881 (2.80) 876 (2.70)

January– 2017 130.3 (3.17) (P) 132.4 (3.36) (P) 127.8 (2.90) (P) 274 (1.86) 876 (2.58) 870 (2.47)

Price Indicators

Build up of inflation in the financial year so far is 5.31% compared to a build up of -0.40% in the corresponding period of the previous year.

F: Final; P: Provisional.

180.2

181.7

182.6

184.6

185.7

185.0

183.9

181.5

179.8

178.3

175.8

176.1

176.0

177.7

178.6

177.5

176.7

176.6

176.7

177.6

177.4

175.7

174.0

174.6

177.0179.4

182.0183.9 183.1 182.8 182.9 183.1 182.8

184.6

120

130

140

150

160

170

180

190

200

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

WPI (Base 2004-05=100) New Series

2014-15 2015-16 2016-17

CPI Inflation –January 2017 Rural Urban Combined

Cereals & Pdcts. 4.89 6.01 5.23

Pulses & Pdcts. -1.34 -15.80 -6.62

Oils etc 3.61 3.92 3.12

Meat & Fish 3.38 2.21 2.98

Milk & Pdcts. 4.91 3.02 4.23

Vegetables -14.49 -17.63 -15.62

Food & Beverages 1.67 0.61 1.29

Fuel & Light 4.83 0.94 3.42

Clothing etc 5.58 3.28 4.71


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March 31, 2016 January 2017 February 2017

Reserve Money : 21,80,740 14,97,170 16,46,070

% change during the month 4.29 9.95

% change since March 31 (31.35) (24.52)

(A) Components of Reserve Money (1+2+3)

1 Currency in circulation 16,63,460 10,16,720 11,64,150



2 Banker's deposits with RBI 5,02,560 4,65,110 4,66,140

% change during the month (3.30) 0.22


3 "Other" deposits with RBI 15,080 15,340 15,770


% change since March 31 1.72 4.58

(B) Sources of Reserve Money (4+5+6+7-8)

4 Net RBI credit to Government 4,25,330 2,10,250 5,45,690


% change since March 31 (50.57) 28.30

5 RBI credit to Banks & Commercial Sector 3,04,540 (2,47,100) (4,40,740)



5.1 RBI credit to banks(including NABARD) 2,84,450 (2,51,900) (4,45,350)



5.2 RBI credit to Commercial Sector 20,090 4,800 4,610

% change during the month (18.64) (3.96)


6 Net Foreign Exchange Assets of RBI 23,83,480 24,65,950 24,27,310

% change during the month 0.65 (1.57)


7 Govt's Currency Liabilities to the Public 21,910 24,620 24,620

% change during the month - -


8 Net Non-monetary Liabilities of RBI 9,54,170 9,56,510 9,10,810


% change since March 31 0.25 (4.54)

Note: (i) Figures in parentheses denote negative numbers.

Banking IndicatorsCOMPONENTS & SOURCES OF RESERVE MONEY AND THEIR VARIATIONS (Rs. crore)


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March 31, 2016 January 2017* February 2017#

M3 116,54,340 121,56,100 123,08,280



(A) Components of M3 ( 1+2+3+4)

1 Currency with the public 15,98,100 9,12,680 10,63,530



2 Demand deposits with banks 9,97,020 11,77,810 11,79,870



3 Time deposits with banks 90,43,770 100,50,080 100,49,250



4 Other deposits with RBI 15,450 15,530 15,630



(B) Sources of M3 (5+6+7+8-9)

5 Net bank credit to govt.(i+ii) 32,41,030 39,29,350 40,41,240



i RBI's credit 4,25,000 1,39,080 4,92,170

% change during the month 3,700.00 253.88

% change since March 31 (67.28) 15.80

ii Other banks' credit 28,16,030 37,90,260 35,49,070



6 Bank credit to commercial sector (i+ii) 78,21,910 79,67,160 80,46,290



i RBI's credit 20,080 4,940 4,770



ii Other banks' credit 78,01,830 79,62,220 80,41,520



7 Net foreign exchange assets of the banking sector 24,90,710 26,44,410 26,21,840



8 Government's currency liabilities to the public 21,910 24,620 24,620



9 NNML of the banking sector (i+ii) 19,21,210 24,09,430 24,25,710



i RBI's NNML 9,54,170 9,48,270 9,19,300



ii Other bank's NNML(Residual) 9,67,040 14,61,160 15,06,410



COMPONENTS & SOURCES OF MONEY STOCK (M3) AND THEIR VARIATIONS (Rs. crores)

Note: (i) Figures in parentheses denote negative numbers; (ii) *: Data are of January 20, 2017; (iii) #: Data are of February

17, 2017.


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Date Day Spot 1 Month 3 Month 6 Month Spot 1 Month 3 Month 6 Month

1-Feb-17 Wed na na

2-Feb-17 Thu na na

3-Feb-17 Fri na na

6-Feb-17 Mon 67.23 67.51 68.09 68.81 72.18 72.51 73.28 74.35

7-Feb-17 Tue 67.43 67.70 68.28 69.01 71.88 72.21 72.97 74.04

8-Feb-17 Wed 67.21 67.51 68.11 68.87 71.56 71.90 72.70 73.79

9-Feb-17 Thu 66.86 67.18 67.81 68.57 71.39 71.76 72.58 73.69

10-Feb-17 Fri na na

13-Feb-17 Mon 66.90 67.19 67.82 68.58 71.20 71.55 72.36 73.47

14-Feb-17 Tue 66.95 67.21 67.82 68.62 71.12 71.43 72.22 73.36

15-Feb-17 Wed 66.92 67.18 67.78 68.58 70.64 70.95 71.73 72.87

16-Feb-17 Thu 67.09 67.37 67.96 68.75 71.30 71.63 72.40 73.54

17-Feb-17 Fri 67.02 67.31 67.91 68.70 71.34 71.68 72.45 73.59

20-Feb-17 Mon 66.94 67.23 67.83 68.63 71.08 71.41 72.19 73.33

21-Feb-17 Tue 66.94 67.24 67.84 68.64 70.56 70.90 71.68 72.82

22-Feb-17 Wed 66.99 67.28 67.91 68.70 70.35 70.70 71.50 72.63

23-Feb-17 Thu 66.84 67.15 67.75 68.55 70.51 70.86 71.65 72.79

24-Feb-17 Fri na na

27-Feb-17 Mon 66.72 67.04 67.59 68.40 70.62 70.98 71.72 72.85

28-Feb-17 Tue 66.71 67.02 67.58 68.42 70.69 71.05 71.81 72.98

Date Day Spot 1 Month 3 Month 6 Month Spot 1 Month 3 Month 6 Month

1-Feb-17 Wed na na

2-Feb-17 Thu na na

3-Feb-17 Fri na na

6-Feb-17 Mon 83.76 84.12 84.92 86.00 59.80 60.07 60.70 61.56

7-Feb-17 Tue 83.28 83.63 84.43 85.50 60.08 60.35 60.97 61.84

8-Feb-17 Wed 83.89 84.26 85.11 86.23 59.87 60.17 60.82 61.71

9-Feb-17 Thu 83.96 84.37 85.25 86.38 59.48 59.78 60.45 61.36

10-Feb-17 Fri na na

13-Feb-17 Mon 83.54 83.92 84.79 85.91 58.95 59.23 59.90 60.80

14-Feb-17 Tue 83.47 83.81 84.66 85.82 59.07 59.33 59.98 60.91

15-Feb-17 Wed 83.06 83.41 84.24 85.41 58.48 58.74 59.38 60.31

16-Feb-17 Thu 83.84 84.21 85.04 86.20 58.98 59.27 59.90 60.82

17-Feb-17 Fri 83.13 83.50 84.32 85.49 59.38 59.68 60.32 61.25

20-Feb-17 Mon 83.49 83.86 84.69 85.87 59.17 59.45 60.09 61.03

21-Feb-17 Tue 83.11 83.49 84.32 85.50 58.87 59.17 59.81 60.75

22-Feb-17 Wed 83.35 83.73 84.60 85.78 59.23 59.53 60.21 61.15

23-Feb-17 Thu 83.30 83.69 84.53 85.72 59.05 59.35 60.00 60.95

24-Feb-17 Fri na na

27-Feb-17 Mon 82.82 83.24 84.01 85.19 59.43 59.77 60.38 61.32

28-Feb-17 Tue 82.92 83.33 84.12 85.33 59.44 59.77 60.38 61.35

Exchange RatesMovement of the Rupee (INR) (Average of Buying & Selling Rates)

Dollar Euro

Pound Yen


11

Euro

Date Day 1 Month 3 Month 6 Month 1 Month 3 Month 6 Month

1-Feb-17 Wed na na

2-Feb-17 Thu na na

3-Feb-17 Fri na na

6-Feb-17 Mon 5.11 5.22 4.76 5.71 6.27 6.10

7-Feb-17 Tue 4.91 5.14 4.74 5.65 6.23 6.12

8-Feb-17 Wed 5.49 5.50 5.02 5.76 6.50 6.32

9-Feb-17 Thu 5.80 5.77 5.18 6.40 6.84 6.55

10-Feb-17 Fri na na

13-Feb-17 Mon 5.42 5.62 5.10 6.15 6.68 6.48

14-Feb-17 Tue 4.85 5.30 5.05 5.36 6.36 6.40

15-Feb-17 Wed 4.86 5.27 5.04 5.40 6.32 6.41

16-Feb-17 Thu 5.13 5.29 5.01 5.70 6.35 6.38

17-Feb-17 Fri 5.32 5.39 5.06 5.78 6.37 6.41

20-Feb-17 Mon 5.32 5.43 5.11 5.63 6.39 6.43

21-Feb-17 Tue 5.51 5.49 5.14 5.94 6.50 6.51

22-Feb-17 Wed 5.32 5.61 5.19 6.05 6.70 6.57

23-Feb-17 Thu 5.62 5.53 5.17 6.12 6.60 6.57

24-Feb-17 Fri na na

27-Feb-17 Mon 5.91 5.32 5.10 6.29 6.38 6.42

28-Feb-17 Tue 5.72 5.32 5.19 6.38 6.49 6.58

Date Day 1 Month 3 Month 6 Month 1 Month 3 Month 6 Month

1-Feb-17 Wed na na

2-Feb-17 Thu na na

3-Feb-17 Fri na na

6-Feb-17 Mon 5.28 5.68 5.42 5.55 6.12 5.97

7-Feb-17 Tue 5.16 5.64 5.40 5.53 6.06 5.96

8-Feb-17 Wed 5.50 5.97 5.66 6.18 6.50 6.24

9-Feb-17 Thu 6.02 6.26 5.85 6.33 6.72 6.42

10-Feb-17 Fri na na

13-Feb-17 Mon 5.60 6.10 5.74 5.96 6.60 6.38

14-Feb-17 Tue 5.00 5.80 5.71 5.41 6.31 6.33

15-Feb-17 Wed 5.18 5.83 5.74 5.47 6.26 6.34

16-Feb-17 Thu 5.35 5.82 5.71 5.96 6.39 6.34

17-Feb-17 Fri 5.55 5.85 5.76 6.13 6.45 6.40

20-Feb-17 Mon 5.45 5.90 5.78 5.83 6.37 6.39

21-Feb-17 Tue 5.63 5.95 5.83 6.18 6.54 6.47

22-Feb-17 Wed 5.69 6.16 5.92 6.25 6.75 6.57

23-Feb-17 Thu 5.77 6.01 5.89 6.27 6.56 6.54

24-Feb-17 Fri na na

27-Feb-17 Mon 6.34 5.90 5.81 6.98 6.51 6.44

28-Feb-17 Tue 6.10 5.94 5.91 6.76 6.48 6.53

Pound Yen

Dollar

Annualised Forward Premia


12

RBI

LAF

Net Injection(+)/

Absorption(-) of Liquidity

(Rs. billion)*

Repo Rates

(Repo/Reverse

Repo)

Over-

night

Rates

(%)

Call

Money**

CBLO** Mibor USD Libor

01-Feb-17 -1105.6 6.25/5.75 6.05 6.12 6.25 0.690

02-Feb-17 -1622.0 5.96 5.93 6.16 0.691

03-Feb-17 -1638.4 5.75 5.34 6.16 0.693

04-Feb-17 5.97 6.19

06-Feb-17 -1162.2 5.98 6.08 6.17 0.693

07-Feb-17 -437.5 6.09 6.19 6.22 0.688

08-Feb-17 -757.1 6.03 6.11 6.25 0.688

09-Feb-17 -480.6 6.08 6.16 6.25 0.687

10-Feb-17 -475.6 6.11 6.10 6.24 0.687

13-Feb-17 -756.2 6.09 6.13 6.18 0.688

14-Feb-17 -336.8 6.02 6.13 6.22 0.687

15-Feb-17 -907.9 5.98 6.09 6.20 0.687

16-Feb-17 -993.6 6.00 6.05 6.21 0.686

17-Feb-17 -1906.1 5.77 5.20 6.21 0.686

18-Feb-17 6.08 6.14

20-Feb-17 -1673.6 5.98 5.87 6.14 0.686

21-Feb-17 -68.9 6.14 0.686

22-Feb-17 -1746.5 5.88 5.77 6.14 0.686

23-Feb-17 -1976.1 5.92 5.79 6.10 0.683

24-Feb-17 -86.7 0.683

27-Feb-17 -201.6 5.94 5.73 0.683

28-Feb-17 -209.2 6.25/5.75 5.95 5.73 0.683

*Includes liquidity provided under MSF at 6.75%; **Weighted average rates.

Money Market Rates & Liquidity

Interest Rates

0.682

0.684

0.686

0.688

0.690

0.692

0.694

5.20

5.40

5.60

5.80

6.00

6.20

6.40

6.60

2-F

eb-1

7

4-F

eb-1

7

6-F

eb-1

7

8-F

eb-1

7

10

-Feb

-17

12

-Feb

-17

14

-Feb

-17

16

-Feb

-17

18

-Feb

-17

20

-Feb

-17

22

-Feb

-17

24

-Feb

-17

26

-Feb

-17

28

-Feb

-17

Repo ReverseRepo Call Money Mibor USD Libor


13

On Developing Constant Maturity Yield Curves for India:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=300052

Date 3 months 6 months 1 year 2 Year 3 Year 4 Year 5 Year 7 Year 10 Year >10

Year &

<=15

Year

>15

Year &

<= 20

Year

>20

Year

1-Feb-17 6.16 6.15 6.38 6.46 6.65 6.86 7.04 7.10

2-Feb-17 6.16 6.15 6.27 6.37 6.42 6.59 6.55 6.84 6.81 7.03 7.12

3-Feb-17 6.10 6.14 6.32 6.41 6.52 6.63 6.86 6.85 7.00 7.17

6-Feb-17 6.10 6.13 6.22 6.37 6.42 6.57 6.58 6.87 6.87 7.03 7.17

7-Feb-17 6.10 6.13 6.38 6.43 6.56 6.69 6.91 6.90 7.00 7.16

8-Feb-17 6.12 6.16 6.20 6.37 6.52 6.58 6.57 6.76 7.06 7.01 7.06 7.19

9-Feb-17 6.22 6.29 6.26 6.62 6.70 7.00 7.24 7.31 7.30 7.39

10-Feb-17 6.24 6.26 6.45 6.61 6.69 6.90 7.00 7.24 7.33 7.45 7.42

13-Feb-17 6.23 6.26 6.25 6.49 6.59 6.68 6.88 7.03 7.28 7.33 7.44 7.46

14-Feb-17 6.22 6.51 6.62 6.70 6.93 7.00 7.36 7.39 7.49 7.50

15-Feb-17 6.19 6.43 6.26 6.48 6.62 6.69 6.95 7.06 7.28 7.34 7.47 7.55

16-Feb-17 6.18 6.27 6.26 6.60 6.68 6.95 6.99 7.28 7.34 7.46 7.54

17-Feb-17 6.18 6.23 6.48 6.60 6.68 6.91 6.99 7.31 7.32 7.41 7.54

20-Feb-17 6.18 6.21 6.25 6.61 6.70 6.92 6.98 7.30 7.34 7.47 7.48

21-Feb-17

22-Feb-17 6.15 6.24 6.23 6.62 6.73 6.98 7.05 7.36 7.37 7.49 7.57

23-Feb-17 6.09 6.20 6.23 6.50 6.61 6.73 6.99 7.12 7.33 7.43 7.50 7.57

24-Feb-17

27-Feb-17 6.14 6.24 6.20 6.45 6.60 6.70 6.93 7.07 7.34 7.39 7.50 7.57

28-Feb-17 6.00 6.20 6.59 6.70 6.94 7.11 7.35 7.40 7.50 7.54

February-2017 6.15 6.26 6.20 6.42 6.53 6.62 6.82 6.90 7.19 7.20 7.31 7.39

Constant Maturity Yields for Government Bonds—February 2017

Debt Market Yields

Constant Maturity Yields relates the yield on a security to its time to maturity. The usual practice worldwide is to

provide yields of traded bonds for finely defined residual maturity brackets. The monthly CMYs given here provide

information on (Indian government) bond yields for several chosen residual maturities, like 3 & 6 months,

1/2/5/10/12/15 years. Say, the market determined YTMs for all traded Gilts with 340 to 380 days left to mature

would give the CMY for the 1 year maturity bracket. The monthly CMYs are estimated from marketwide data. For the

estimation methodology see:


14

Debt Market Yields

6.0

9 6.2

26

.29

6.3

16

.39

6.3

66

.43

6.4

06

.48

6.4

66

.52

6.4

86

.55

6.5

16

.60

6.6

46

.59 6.7

0 6.8

16

.90

6.8

16

.84

6.8

36

.69

6.9

26

.96

6.8

76

.95

7.0

47

.28

7.0

47

.07

6.8

77

.14

6.7

27

.17

7.2

57

.31

7.2

97

.22

6.9

77

.28

7.0

97

.34 7

.53

7.3

07

.36

6.8

47

.25 7

.41

7.3

17

.33 7.4

57

.48

7.4

07

.45

7.4

47

.43

7.3

57

.10

6.00

6.20

6.40

6.60

6.80

7.00

7.20

7.40

7.60

7.80

Ap

ril 2

01

7Ju

ly 2

01

7A

ug

ust

20

17

Ap

ril 2

01

8A

pri

l 20

18

Sep

tem

ber

201

8F

ebru

ary 2

01

9Ju

ne

201

9Ju

ne

201

9Ju

ly 2

01

9Ja

nuar

y 2

02

0Ja

nuar

y 2

02

0M

ay 2

02

0Ju

ne

20

20

Dec

emb

er 2

02

0A

pri

l 20

21

May

202

1N

ov

emb

er 2

02

1F

ebru

ary 2

02

2M

ay 2

02

2Ju

ne

202

2A

ug

ust

20

22

Sep

tem

ber

202

2D

ecem

ber

202

2M

ay 2

02

3N

ov

emb

er 2

02

3D

ecem

ber

202

3Ju

ne

202

4Ju

ly 2

02

4N

ov

emb

er 2

02

4M

ay 2

02

5S

epte

mb

er 2

02

5Ja

nuar

y 2

02

6Ju

ly 2

02

6S

epte

mb

er 2

02

6N

ov

emb

er 2

02

6F

ebru

ary 2

02

7S

epte

mb

er 2

02

7Ju

ne

202

8M

arch

20

29

Dec

emb

er 2

02

9M

arch

20

30

May

203

0S

epte

mb

er 2

03

0D

ecem

ber

203

0A

ug

ust

20

32

No

vem

ber

20

33

Dec

emb

er 2

03

3A

ug

ust

20

34

Dec

emb

er 2

03

4S

epte

mb

er 2

03

5Ju

ne

203

6Ju

ly 2

04

0D

ecem

ber

204

1D

ecem

ber

204

2D

ecem

ber

204

3D

ecem

ber

204

4Ju

ne

204

5O

ctob

er 2

04

6N

ov

emb

er 2

05

1

Wei

ghte

d A

ver

age

YT

Ms

Maturity Year

Yields of G-Secs Traded in February 2017

6.7

1

6.6

4

6.7

4

7.0

5

7.1

0

7.0

5

7.4

4

6.0

7

6.0

7

8.0

9

7.9

0

6.0

5

7.5

7 8.6

5

8.5

6

6.0

8

7.7

8

7.8

5

7.8

0

6.1

0

6.0

9

8.0

9

6.1

1

7.7

8

7.6

2

7.4

5

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

Ma

rch

20

17

Ap

ril

20

17

Oct

ob

er 2

01

7

July

20

18

July

20

20

Sep

tem

ber

20

20

Dec

emb

er 2

02

0

Jun

e 2

02

2

Feb

rua

ry 2

02

3

Jun

e 2

02

3

Oct

ob

er 2

02

4

July

20

25

Oct

ob

er 2

02

5

Dec

emb

er 2

02

5

Ma

rch

20

26

Ma

rch

20

26

Ap

ril

20

26

Ma

y 2

02

6

Ma

y 2

02

6

Jun

e 2

02

6

Ma

rch

20

27

Jun

e 2

02

7

Ma

rch

20

29

Ma

rch

20

31

Ma

y 2

03

1

July

20

31W

eig

hte

d A

ver

age

YT

Ms

Maturity Year

Yields of Benchmark Corporate Bonds (AAA) - February 2017


15

Month/

Year

No of

Companies

Listed*

No. of

Securities

Traded*

Turnover

(Rs.cr)

Average

Daily

Turnover

(Rs.cr)

Market

Capitalisation

(Rs.cr)*

Month

High

Month Low Month-

Closing

P/E P/B Dividend

Yield

Nov-16 5870 2949 70178.1 3341.8 10788708.8 28029.8 25717.9 26652.8 20.57 2.71 1.47

Dec-16 5820 2978 53905.4 2450.2 10623347.1 26803.8 25753.7 26626.5 20.56 2.68 1.49

Jan-17 5795 3119 64764.2 3084.0 11256330.3 27980.4 26447.1 27656.0 21.19 2.76 1.44

Month/

Year

No of

Companies

Listed*

No. of

Securities

Traded*

Turnover

(Rs.cr)

Average

Daily

Turnover

(Rs.cr)

Market

Capitalisation

(Rs.cr)*

Month

High

Month Low Month-

Closing

P/E P/B Dividend

Yield

Nov-16 1833 1926 472856.0 22517.0 10618012.0 8669.6 7916.4 8224.5 21.99 3.13 1.34

Dec-16 1840 1939 342747.0 15579.0 10439621.0 8275.0 7893.8 8185.8 21.49 3.08 1.36

Jan-17 1847 1948 405119.0 19291.0 11047315.0 8672.7 8133.8 8561.3 22.44 3.18 1.32

*End of the Month.

No. of

contracts

Turnover

(Rs. cr.)

No. of

contracts

Turnover

(Rs. cr.)

No. of contracts Notional

Turnover

(Rs. cr.)

No. of

contracts

Notional

Turnover

(Rs. cr.)

No. of

contracts

Turnover

(Rs. cr.)

Nov-16 554 37.9 194 14.9 748 52.8 2.5

Dec-16 2 0.1 115 8.9 117 9.0 0.4

Jan-17 97 7.5 97 7.5 0.4

No. of

contracts

Turnover

(Rs. cr.)

No. of

contracts

Turnover

(Rs. cr.)

No. of contracts Notional

Turnover

(Rs. cr.)

No. of

contracts

Notional

Turnover

(Rs. cr.)

No. of

contracts

Turnover

(Rs. cr.)

Nov-16 6602274 438924.6 14435919 945534.8 106583292 7317509.6 7989482 562511.5 135610967 9264480.5 441165.7

Dec-16 5199107 338543.1 12269473 781055.3 95784703 6384802.2 6193728 420188.1 119447011 7924588.6 360208.6

Jan-17 4792429 324469.3 14512081 963574.0 92850779 6475081.5 7851266 541494.0 120006555 8304618.9 395458.0

Stock Options Total Average

Daily

Turnover

(Rs. cr.)

STOCK MARKETSEquity Market Turnover

S&P BSE Sensex (30 Scrips) (1978-79=100)BSE Equity Market

Total Average

Daily

Turnover

(Rs. cr.)

CNX Nifty (50 Scrips)(Nov.3, 1993=100)NSE Capital Market Segment

BSE Derivatives (F&O) Trades

NSE Derivatives (F&O) Segment

Month/

Year

Index Futures Stock Futures Index Options Stock Options

Derivatives Turnover

Month/

Year

Index Futures Stock Futures Index Options


16

Open High Low Close Price/Earnings Price/Bookvalue Dividend Yield

01-Feb-17 27669.1 28159.5 27590.1 28141.6 21.91 2.86 1.39

02-Feb-17 28167.8 28299.9 28070.8 28226.6 21.94 2.87 1.44

03-Feb-17 28270.7 28280.6 28127.2 28240.5 21.98 2.87 1.43

06-Feb-17 28340.4 28487.3 28340.4 28439.3 22.09 2.88 1.43

07-Feb-17 28443.2 28483.4 28239.1 28335.2 21.93 2.86 1.44

08-Feb-17 28386.1 28391.6 28149.1 28289.9 21.93 2.86 1.44

09-Feb-17 28349.2 28469.5 28152.2 28329.7 22.08 2.88 1.43

10-Feb-17 28367.2 28456.2 28286.8 28334.3 22.12 2.88 1.43

13-Feb-17 28450.4 28458.8 28197.4 28351.6 22.09 2.88 1.45

14-Feb-17 28386.1 28393.4 28263.5 28339.3 21.49 2.81 1.45

15-Feb-17 28270.1 28382.3 28102.2 28155.6 21.35 2.79 1.46

16-Feb-17 28223.9 28327.8 28146.2 28301.3 21.46 2.81 1.45

17-Feb-17 28670.4 28726.3 28410.9 28468.8 21.55 2.82 1.45

20-Feb-17 28481.9 28696.5 28419.3 28661.6 21.83 2.85 1.43

21-Feb-17 28716.7 28801.0 28597.3 28761.6 21.90 2.86 1.43

22-Feb-17 28822.4 28963.5 28789.3 28864.7 21.91 2.86 1.42

23-Feb-17 28927.7 29065.3 28860.5 28893.0 22.02 2.88 1.42

27-Feb-17 28910.5 28961.8 28791.2 28812.9 21.92 2.86 1.42

28-Feb-17 28825.2 28876.5 28721.1 28743.3 21.85 2.85 1.43

Open High Low Close Price/Earnings Price/Bookvalue Dividend Yield

01-Feb-17 8570.4 8722.4 8537.5 8716.4 23.27 3.30 1.27

02-Feb-17 8724.8 8757.6 8685.8 8734.3 23.38 3.31 1.26

03-Feb-17 8735.2 8748.3 8707.8 8741.0 23.29 3.31 1.26

06-Feb-17 8785.5 8814.1 8770.2 8801.1 23.43 3.34 1.25

07-Feb-17 8805.7 8809.3 8741.1 8768.3 23.31 3.32 1.26

08-Feb-17 8774.6 8791.3 8715.0 8769.1 23.28 3.32 1.26

09-Feb-17 8795.6 8821.4 8724.1 8778.4 23.31 3.33 1.26

10-Feb-17 8812.4 8822.1 8771.2 8793.6 23.34 3.33 1.26

13-Feb-17 8819.8 8826.9 8754.2 8805.1 23.15 3.34 1.25

14-Feb-17 8819.9 8820.5 8772.5 8792.3 23.05 3.33 1.26

15-Feb-17 8779.0 8807.9 8712.9 8724.7 22.84 3.31 1.27

16-Feb-17 8739.0 8784.0 8719.6 8778.0 23.08 3.33 1.26

17-Feb-17 8883.7 8896.5 8804.3 8821.7 23.10 3.34 1.25

20-Feb-17 8818.6 8886.3 8809.8 8879.2 23.19 3.37 1.24

21-Feb-17 8890.8 8920.8 8861.0 8907.9 23.27 3.38 1.24

22-Feb-17 8931.6 8960.8 8905.3 8926.9 23.32 3.38 1.24

23-Feb-17 8956.4 8982.2 8927.6 8939.5 23.36 3.39 1.24

27-Feb-17 8943.7 8951.8 8888.7 8896.7 23.21 3.37 1.25

28-Feb-17 8899.0 8914.8 8867.6 8879.6 23.13 3.37 1.25

Index MovementsBSE: S&P BSE Sensex (30 Scrips) (1978-79=100)

NSE: Nifty (50 Scrips) (Nov.3, 1993=100)


17

8500

8550

8600

8650

8700

8750

8800

8850

8900

8950

9000

27500

27700

27900

28100

28300

28500

28700

28900

29100

01-F

eb-1

7

02-F

eb-1

7

03-F

eb-1

7

06-F

eb-1

7

07-F

eb-1

7

08-F

eb-1

7

09-F

eb-1

7

10-F

eb-1

7

13-F

eb-1

7

14-F

eb-1

7

15-F

eb-1

7

16-F

eb-1

7

17-F

eb-1

7

20-F

eb-1

7

21-F

eb-1

7

22-F

eb-1

7

23-F

eb-1

7

27-F

eb-1

7

28-F

eb-1

7

Sensex High Low

Nifty High Low

FUTIDX-NIFTY Futures

(Expiry 23 February '17)

Open High Low Close No. of Contracts Turnover ('00,000) Change in OI

01-Feb-17 8600.2 8747.5 8555.0 8737.9 256338 1662725 1413600

02-Feb-17 8730.0 8773.8 8697.3 8744.0 137422 899984 798075

03-Feb-17 8745.0 8763.9 8725.3 8754.4 90734 595125 -172800

06-Feb-17 8808.0 8834.4 8781.8 8816.6 110169 728035 368325

07-Feb-17 8800.5 8811.9 8758.7 8785.6 85012 560426 -285900

08-Feb-17 8785.6 8814.0 8732.5 8796.4 116252 765413 199800

09-Feb-17 8816.3 8843.8 8733.0 8796.9 155576 1024704 -7275

10-Feb-17 8829.9 8839.9 8786.6 8809.4 87575 578911 -75525

13-Feb-17 8836.7 8846.0 8765.5 8815.4 118500 782547 632850

14-Feb-17 8824.0 8830.0 8786.1 8814.9 89528 591556 1032675

15-Feb-17 8826.1 8827.2 8727.0 8743.1 171595 1128252 1740075

16-Feb-17 8760.0 8796.2 8734.0 8787.6 103632 681850 -471000

17-Feb-17 8869.8 8872.5 8800.1 8827.0 137805 913002 -366375

20-Feb-17 8828.2 8881.3 8810.0 8873.9 115075 763959 -2559000

21-Feb-17 8880.1 8924.5 8858.9 8910.4 174589 1163092 -5422200

22-Feb-17 8919.0 8957.6 8901.6 8920.1 155133 1038633 -2831325

23-Feb-17 8934.3 8982.9 8926.0 8942.2 185747 1247661 -5231100


18

Capital Flows

Equity Gross

Purchases (Rs

Crores)

Gross Sales

(Rs Crores)

Net Investment

(Rs Crores)

01-Feb-17 1969.5 1018.0 951.5

02-Feb-17 1897.9 1938.6 -40.7

03-Feb-17 1525.8 1330.7 195.2

06-Feb-17 1534.6 1402.9 131.7

07-Feb-17 1555.6 1843.2 -287.6

08-Feb-17 1323.2 1208.2 115.0

09-Feb-17 1396.0 1407.5 -11.5

10-Feb-17 1405.1 1539.9 -134.8

13-Feb-17 1295.1 1385.9 -90.8

14-Feb-17 1222.5 1103.9 118.6

15-Feb-17 1694.0 1194.8 499.2

16-Feb-17 1924.9 1094.2 830.7

17-Feb-17 2313.9 7580.3 -5266.4

20-Feb-17 1799.2 929.0 870.1

21-Feb-17 2252.5 1043.1 1209.4

22-Feb-17 2506.9 1619.5 887.4

23-Feb-17 3827.7 3858.4 -30.7

27-Feb-17 2847.9 1939.7 908.2

28-Feb-17 3181.0 1995.8 1185.2

Total for February 37473.3 35433.6 2039.7

Debt Gross

Purchases (Rs

Crores)

Gross Sales

(Rs Crores)

Net Investment

(Rs Crores)

01-Feb-17 5779.8 721.0 5058.9

02-Feb-17 6914.8 5045.5 1869.3

03-Feb-17 10398.7 7789.6 2609.1

06-Feb-17 9153.2 7173.5 1979.8

07-Feb-17 7892.7 6021.5 1871.3

08-Feb-17 5895.5 4761.4 1134.0

09-Feb-17 4054.8 5566.4 -1511.6

10-Feb-17 4110.0 4606.0 -496.0

13-Feb-17 5169.9 4556.0 614.0

14-Feb-17 5281.9 4663.7 618.1

15-Feb-17 5194.2 3494.4 1699.8

16-Feb-17 6557.2 4832.5 1724.6

17-Feb-17 6080.0 3469.6 2610.5

20-Feb-17 7057.2 2295.3 4761.9

21-Feb-17 36.2 7.9 28.2

22-Feb-17 6032.9 5080.0 952.9

23-Feb-17 6966.1 2285.4 4680.7

27-Feb-17 8515.6 2338.7 6176.9

28-Feb-17 7963.8 5516.5 2447.3

Total for February 119054.5 80224.9 38829.7

Mutual Funds Investment Trends


19

Mutual Funds' Asset

Position (Rs. Crore)

April 2016 to February 2017Private Sector

Mutual Funds

Public Sector

Mutual Funds (of which) UTI Total

14,80,637.7 3,08,409.3 1,32,123.3 1,789,047.02

82.76% 17.24% 7.39% 100.00%Cumulative Position of Net Assets as on

February 28, 2017

156,22,824.9

Net Inflow/ Outflow (-ve) of funds

Mobilisation of Funds 12,620,100.24 30,02,724.6 14,25,437.7

26,038.85 397,931.84 325,415.08 72,516.76

ECB (& FCCB) Dec-16 Jan-17

Automatic Route 7078,62,766 1,376,996,302

Approval Route 1,777,750,000 4269,62,195

Total ECB 2,485,612,766 1,803,958,497

Value in US$.

01-Feb-17 1065.99 882.29 183.7 27.09

02-Feb-17 1230.55 416.34 814.21 120.37

03-Feb-17 1271.68 1171.65 100.03 14.83

06-Feb-17 729.92 537.85 192.07 28.51

07-Feb-17 3388.81 1077.49 2311.32 343.96

08-Feb-17 2010.85 1302.64 708.21 105.12

09-Feb-17 1560.8 2235.08 -674.28 -100.19

10-Feb-17 1168.22 1064.31 103.91 15.51

13-Feb-17 1849.38 1134.09 715.29 106.86

14-Feb-17 990.26 221.52 768.74 114.79

15-Feb-17 1908.56 841.88 1066.68 159.34

16-Feb-17 1060.08 814.33 245.75 36.72

17-Feb-17 337.65 314.11 23.54 3.51

20-Feb-17 487.71 437.32 50.39 7.52

21-Feb-17

22-Feb-17 433 391.68 41.32 6.17

23-Feb-17 334.75 1707.06 -1372.31 -204.93

27-Feb-17 696.74 674.06 22.68 3.39

28-Feb-17 1014.89 355.89 659 98.76

Total for February 21539.84 15579.59 5960.25 887.33

Total for 2017 39680.81 36039.75 3641.06 547.92

Debt Gross

Purchases

(Rs Crores)

Gross Sales

(Rs Crores)Net Investment

(Rs Crores)

Net

Investment

US$ million

FPI Investments in Primary & Secondary Markets


20

01-Feb-17 5542.5 5091.4 451.1 66.5

02-Feb-17 5476.4 5401.6 74.8 11.1

03-Feb-17 5913.2 5193.2 720.0 106.7

06-Feb-17 5376.2 4772.4 603.8 89.6

07-Feb-17 4126.8 4569.2 -442.4 -65.8

08-Feb-17 4393.7 4123.4 270.3 40.1

09-Feb-17 4468.4 4656.7 -188.3 -28.0

10-Feb-17 4964.4 4365.3 599.1 89.4

13-Feb-17 4952.8 4397.5 555.3 83.0

14-Feb-17 3893.4 3575.5 317.9 47.5

15-Feb-17 4397.9 4414.3 -16.4 -2.5

16-Feb-17 5551.1 5297.5 253.6 37.9

17-Feb-17 5085.2 5281.6 -196.4 -29.4

20-Feb-17 13274.7 5215.4 8059.3 1202.0

21-Feb-17

22-Feb-17 7039.6 8993.2 -1953.6 -291.7

23-Feb-17 6454.7 6203.1 251.6 37.6

27-Feb-17 9747.8 9059.8 688.0 103.0

28-Feb-17 5185.7 5331.0 -145.3 -21.8

Total for February 105844.3 95942.1 9902.2 1475.3

Total for 2017 185102.7 176377.1 8725.6 1302.4

Equity Gross

Purchases (Rs

Crores)

Gross Sales

(Rs Crores)Net Investment

(Rs Crores)

Net

Investment

US$ Million

-700-500-300-10010030050070090011001300

1-Feb-17

8-Feb-17

15-Feb-17

22-Feb-17

8059.29

-1953.62-5266.4

Net Flows (Rs.Cr.)

FPI Equity

MF Equity

Foreign Investment 2015-16* 2016-17* Nov-16 Dec-16

Foreign Investment Inflows 33,523.0 33,599.0 5,438.0 4,260.0

Net Direct Investments 27,225.0 31,186.0 4,512.0 3,081.0

Net Portfolio Inflows –2,592 –3,178 –5,481 –4,034

*April-December; US$ million.


21

Turnover

(Rs. Crore)

Corporate

Bonds-NSE

Corporate

Bonds-BSE

Currency

Derivatives -

NSE

Currency

Derivatives-

BSE

Interest rate

Derivatives-

NSE

Interest rate

Derivatives-

BSE

Commodity

Dervatives-

MCX

Commodity

Dervatives-

NCDEX

Nov-16 1,12,682 25,784 5,54,009 3,02,327 32,610 11,781 5,51,238 31,645

Dec-16 1,09,145 31,071 4,38,729 2,56,606 35,695 11,793 3,82,469 22,140

Date Futures Spot Futures Spot Futures Spot Futures Spot Futures Spot01-Feb-17 3809.0 3905.0 1755.0 2081.5 693.1 706.7 3639.0 3581.0 28682.0 29030.0

02-Feb-17 3847.0 3918.2 1759.0 2058.4 691.1 710.8 3668.0 3645.0 28850.0 29207.0

03-Feb-17 3900.0 3917.2 1739.0 2050.0 689.2 709.9 3667.0 3611.0 28909.0 28977.0

06-Feb-17 3931.0 3966.7 1711.0 2050.0 689.4 707.8 3633.0 3627.0 29193.0 29092.0

07-Feb-17 3904.0 3968.4 1715.0 2042.4 689.2 708.9 3556.0 3562.0 29332.0 29305.0

08-Feb-17 3907.0 3968.2 1726.0 2029.2 694.3 709.1 3566.0 3515.0 29330.0 29376.0

09-Feb-17 3892.0 3953.9 1729.0 2000.0 695.4 709.5 3590.0 3523.0 29089.0 29366.0

10-Feb-17 3901.0 3960.0 1721.0 1958.1 693.0 705.3 3648.0 3552.0 29173.0 29015.0

13-Feb-17 3892.0 3980.0 1723.0 1950.0 684.8 700.0 3591.0 3605.0 29021.0 29164.0

14-Feb-17 3850.0 3963.8 1718.0 1947.5 678.0 693.2 3612.0 3545.0 29001.0 29112.0

15-Feb-17 3852.0 3951.5 1726.0 1946.7 680.2 690.8 3596.0 3561.0 29143.0 29042.0

16-Feb-17 3872.0 3949.0 1725.0 1919.6 670.6 683.6 3624.0 3554.0 29416.0 29341.0

17-Feb-17 3939.0 3956.3 1730.0 1901.3 664.8 680.0 3604.0 3572.0 29360.0 29412.0

20-Feb-17 3894.0 3975.5 1728.0 1900.0 659.4 669.8 3623.0 3580.0 29303.0 29289.0

21-Feb-17 3876.0 1701.0 1900.0 656.0 667.5 3668.0 3580.0 29301.0 29171.0

22-Feb-17 3826.0 3971.7 1698.0 1906.4 654.8 665.0 3601.0 3639.0 29208.0 29309.0

23-Feb-17 3807.0 3967.8 1692.0 1903.4 652.1 662.0 3633.0 3589.0 29451.0 29300.0

24-Feb-17 3818.0 1692.0 655.7 3615.0 3639.0 29623.0

27-Feb-17 3815.0 3971.7 1679.0 1902.5 654.3 664.5 3623.0 3608.0 29710.0 29661.0

28-Feb-17 3837.0 3970.6 1662.0 1900.0 675.4 666.6 3566.0 3606.0 29566.0 29591.0

*National Commodity & Derivatives Exchange Ltd. **Multi Commodity Exchange of India. Futures: March & Gold: April contracts.

(100 Kgs) (100 Kgs) (10 Kgs) (1 Bbl.) (10 Grams)

Commodity Futures & Spot Prices

Sugar* Wheat* Refined Soya Oil* Energy: Crude Oil** Bullion: Gold**

Commodity Futures & Spot Markets


22

MCXCOMDEX MCXAGRI MCXMETAL MCXENERGY NCDEX-Dhaanya

01-Feb-17 3390.36 2695.53 4792.46 2674.70 3096.87

02-Feb-17 3399.86 2707.73 4788.76 2697.00 3088.62

03-Feb-17 3380.96 2706.92 4754.59 2682.44 3079.63

06-Feb-17 3391.79 2702.54 4806.09 2661.29 3056.28

07-Feb-17 3378.56 2712.73 4808.72 2619.18 3055.94

08-Feb-17 3390.33 2718.36 4829.14 2626.53 3059.95

09-Feb-17 3373.72 2715.87 4775.44 2638.28 3061.48

10-Feb-17 3424.82 2712.62 4878.17 2670.05 3043.91

13-Feb-17 3408.07 2715.79 4877.38 2625.72 3020.95

14-Feb-17 3399.84 2696.88 4856.86 2634.28 3007.43

15-Feb-17 3403.42 2701.51 4870.43 2627.71 3030.12

16-Feb-17 3414.55 2685.86 4893.69 2641.20 3022.84

17-Feb-17 3394.72 2663.03 4869.67 2625.08 3026.44

20-Feb-17 3409.63 2653.57 4904.11 2634.15 3011.34

21-Feb-17 3403.55 2642.16 4876.94 2651.20 2998.85

22-Feb-17 3388.61 2651.00 4867.68 2617.21 3007.93

23-Feb-17 3375.12 2634.00 4817.24 2641.07 3012.52

24-Feb-17 3404.62 2656.72 4884.20 2639.45 3014.07

27-Feb-17 3407.89 2642.94 4901.85 2637.19 3009.96

28-Feb-17 3403.20 2673.84 4894.98 2616.43 3046.10

Multi Commodity Exchange of India and National Commodity & Derivatives Exchange Ltd: Index Close

Commodity Futures Indices

2500.0

2700.0

2900.0

3100.0

3300.0

3500.0

3700.0

3900.0

4100.0

4300.0

4500.0

4700.0

4900.0

2-F

eb

4-F

eb

6-F

eb

8-F

eb

10

-Feb

12

-Feb

14

-Feb

16

-Feb

18

-Feb

20

-Feb

22

-Feb

24

-Feb

26

-Feb

28

-Feb

MCXCOMDEX MCXMETAL MCXENERGY

MCXAGRI NCDEX-Dhaanya


23

http://www.ecofin-surge.co.in/

Stock

Market

Country Risk

Indicator/

Country

(per US$)

Q4 January

USA 1.9 Jan 0.0 2.5 3.0 1.06 2.34 Dec -750.1 119.2 7.0 AA+/Stable

Canada Q3/1.3 Nov 1.5 2.1 2.3 0.88 1.69 1.34 Dec -19.9 84.8 2.5 AAA/Stable

UK 2.0 Dec 4.3 1.8 3.5 0.34 1.13 0.81 Dec -182.3 142.6 3.0 AA/-ve

Euro area 1.7 Dec 2.0 1.8 3.5 -0.33 0.28 0.95 Dec 295.4 342.4 3.1 (EU)AA/Stable

Germany 1.8 Dec -0.6 1.9 2.4 -0.33 0.28 0.95 Dec 279.8 177.2 5.2 AAA/Stable

France 1.2 Dec 1.3 1.3 3.3 -0.33 1.00 0.95 Dec -54.0 2.1 AA/Stable

Italy 1.1 Dec 6.6 1.0 2.5 -0.33 2.12 0.95 Dec 57.1 0.8 BBB-/Stable

Spain 3.0 Dec -1.6 3.0 7.6 -0.33 1.76 0.95 Dec -20.7 4.4 BBB+/Stable

Russia -0.4 Jan 2.3 5.0 12.7 11.3 8.25 58.4 Dec 90.4 390.6 -3.7 BB+/Stable

Japan 1.7 Jan 3.2 0.4 0.5 -0.01 0.10 114.00 Dec 47.8 1231.6 4.0 A+/ Stable

China 6.8 Dec 6.0 2.1 6.9 4.29 2.96 6.88 Jan 505.3 2998.2 5.7 AA-/-ve

Hong Kong 3.1 Q3 -0.1 1.3 0.94 1.85 7.76 Jan -53.8 391.5 7.9 AAA/-ve

Malaysia 4.5 Dec 4.8 3.2 3.49 4.12 4.45 Dec 21.1 95.0 4.3 A-/Stable

Singapore 2.9 Jan 2.2 0.6 .. 2.35 1.41 Jan 44.6 252.7 11.1 AAA/Stable

South Korea 2.3 Jan 1.7 2.0 3.7 1.41 2.16 1131.00 Feb 87.6 374.0 10.2 AA/Stable

Taiwan 2.9 Jan 2.8 2.2 0.66 1.13 30.8 Jan 15.9 436.6 9.6 AA-/Stable

Thailand 3.0 Jan 1.3 1.6 1.33 2.67 35.0 Jan 21.2 179.2 4.0 BBB+/Stable

Brazil Q3/-2.9 Dec 0.0 5.4 11.7 10.0 3.12 Jan 49.5 367.7 16.1 BB/-ve

Chile Q3/1.6 Jan -0.9 2.8 0.56 4.16 650.00 Jan 4.4 39.9 9.4 AA-/ -ve

Mexico 2.4 Dec -0.6 4.7 6.61 7.42 19.90 Jan -13.1 175.0 7.4 BBB+/-ve

South Africa Q3/0.7 Dec -0.8 6.6 5.9 7.33 8.79 13.00 Jan 0.5 46.7 7.0 BBB-/-ve

India 7.0 Dec -0.4 3.2 5.3 6.05 6.93 66.8 Jan -97.5 361.6 10.6 BBB-/Stable

Note: Trade balance for last 12 months. FX Reserves at end of period.

*Per cent change of the major index in US$ terms between December 30, 2016 and March 1, 2017. **Foreign Currency Ratings by S&P.

Global Economic Indicators

January 01-Mar

GDP Short-

term

Rate

Long-

term

Rate

Exchange

Rate

Trade BalanceIIP CPI PPI Share

Price

Growth*

Sovereign

Rating**

(% change on year ago) (%) (US$ bn.)

FX

Reserves

Economic & Financial Market Indicators for Major Global Economies

Growth Inflation Interest Rates External Sector

For more Countrywise Indicators and Updates visit:

3.2 3.1

3.4 3.6

2.8 2.9

3.3 3.3

2.7

1.9

3.84.1

1.8

2.3

2.8

3.3

3.8

2015 2016 2017 2018

World Output, Inflation & Trade (% change, IMF, WEO Database & Updates)

GDP Inflation Trade


24

S&P BSE

Sensex

(India)

DJI (US) S&P

500(US)

FTSE

100(UK)

FTSE 100

(Europe)

NIKKEI 225

(Japan)

HSI

(HongKong)

IPC

(Mexico)

BOVESPA

(Brazil)

01-Feb-17 28,141.64 19,890.94 2,279.55 7,107.65 2,817.65 19,148.08 23,318.39 47,009.51 64,836.00

02-Feb-17 28,226.61 19,884.91 2,280.85 7,140.75 2,802.83 18,914.58 23,184.52 47,095.07 64,578.00

03-Feb-17 28,240.52 20,071.46 2,297.42 7,188.30 2,820.53 18,918.20 23,129.21 47,225.10 64,954.00

06-Feb-17 28,439.28 20,052.42 2,292.56 7,172.15 2,804.31 18,976.71 23,348.24 63,993.00

07-Feb-17 28,335.16 20,090.29 2,293.08 7,186.22 2,811.34 18,910.78 23,331.57 46,728.95 64,199.00

08-Feb-17 28,289.92 20,054.34 2,294.67 7,188.82 2,814.28 19,007.60 23,485.13 46,921.71 64,835.00

09-Feb-17 28,329.70 20,172.40 2,307.87 7,229.50 2,842.52 18,907.67 23,525.14 47,232.17 64,965.00

10-Feb-17 28,334.25 20,269.37 2,316.10 7,258.75 2,844.17 19,378.93 23,574.98 47,797.04 66,125.00

13-Feb-17 28,351.62 20,412.16 2,328.25 7,278.92 2,865.49 19,459.15 23,710.98 47,661.69 66,968.00

14-Feb-17 28,339.31 20,504.41 2,337.58 7,268.56 2,863.79 19,238.98 23,703.01 47,391.24 66,713.00

15-Feb-17 28,155.56 20,611.86 2,349.25 7,302.41 2,877.59 19,437.98 23,994.87 47,161.74 67,976.00

16-Feb-17 28,301.27 20,619.77 2,347.22 7,277.92 2,865.92 19,347.53 24,107.70 47,293.85 67,814.00

17-Feb-17 28,468.75 20,624.05 2,351.16 7,299.96 2,872.44 19,234.62 24,033.74 47,164.71 67,748.00

20-Feb-17 28,661.58 7,299.86 2,874.96 19,251.08 24,146.08 47,083.81 68,533.00

21-Feb-17 28,761.59 20,743.00 2,365.38 7,274.83 2,893.83 19,381.44 23,963.63 47,614.99 69,052.00

22-Feb-17 28,864.71 20,775.60 2,362.82 7,302.25 2,898.07 19,379.87 24,201.96 47,195.68 68,590.00

23-Feb-17 28,892.97 20,810.32 2,363.81 7,271.37 2,893.23 19,371.46 24,114.86 47,206.36 67,461.00

24-Feb-17 20,821.76 2,367.34 7,243.70 2,871.18 19,283.54 23,965.70 47,047.67 66,662.00

27-Feb-17 28,812.88 20,837.44 2,369.73 7,253.00 2,865.55 19,107.47 23,925.05 47,349.20

28-Feb-17 28,743.32 20,812.24 2,363.64 7,263.44 2,869.82 19,118.99 23,740.73 46,856.79

Closing Values

International Stock Index Movements vs S&P BSE Sensex February-2017, with 1st Feb=100)

Global Stock Indices

Selected Indian & International Stock Indices

DJI (US) S&P 500 (US)FTSE 100(UK) FTSE 100 (Europe)

NIKKEI 225 (Japan)

HSI (HongKong) IPC (Mexico) BOVESPA (Brazil)


25

Units Descriptor Dec-15 Jan-16 Feb-16 Dec-16 Jan-17 Feb-17

Index Number Fuel and Non-Fuel 90.83 83.20 83.98 114.31 116.98 118.71

Index Number Non-Fuel 121.94 121.80 121.44 138.71 143.23 145.53

Index Number Food 132.12 134.10 135.12 145.34 152.31 151.85

Index Number Agricultural Raw Materials 110.49 110.80 100.74 117.51 119.66 122.25

Index Number Industrial Inputs 107.66 106.93 105.55 130.99 133.34 138.76

Index Number Metals 105.62 104.13 109.03 140.72 143.21 150.68

Index Number Energy 72.64 60.61 62.07 100.04 101.62 103.02

Index Number Crude Oil 68.60 56.05 58.32 98.89 100.85 102.22

USD per Barrel Crude Oil, Brent 37.72 30.80 33.20 54.07 54.89 55.49

USD per Barrel Crude Oil Dubai Fateh 34.70 27.25 29.61 51.76 53.43 54.17

USD per Barrel Crude Oil WTI 36.56 29.92 31.05 52.61 53.63 54.36

USD per Million Metric British

Thermal UnitNatural Gas, H H, Louisiana 1.92 2.27 1.96 3.58 3.26 2.82

USD per Metric Ton Coal, Australian Thermal 55.85 53.37 54.33 92.49 89.71 86.31

USD per Metric Ton Aluminum 1497.20 1481.10 1531.26 1727.74 1791.24 1860.75

USD per Metric Ton Copper 4638.83 4471.79 4598.62 5660.35 5754.56 5940.91

USD per Metric Ton Zinc 1527.79 1520.36 1709.85 2664.81 2714.80 2845.55

US Cents per Metric Ton Iron Ore 40.88 42.20 46.49 79.43 80.82 88.80

US cents per Pound Rubber 56.59 55.33 57.04 101.01 115.90 122.99

US cents per Pound Cotton 70.39 68.75 66.57 79.50 82.33 85.16

USD per Metric Ton Palm oil 520.60 531.62 595.90 711.76 726.49 706.79

USD per Metric Ton Sunflower Oil 1022.14 1020.14 1039.58 1012.25 980.86 966.97

USD per Metric Ton Soybean Oil 677.20 659.90 686.90 800.26 771.88 742.92

USD per Metric Ton Soybeans 323.32 323.20 320.13 375.29 379.59 380.87

US cents per Pound Sugar, European 24.93 23.95 23.77 20.79 20.53 20.76

US cents per Pound Sugar, Free Market 14.76 14.36 14.01 18.83 20.54 20.35

US cents per Pound Sugar, U.S. 25.60 25.52 25.46 29.29 29.01 30.40

US cents per Kg. Tea 343.49 319.83 287.26 336.66 368.73 382.87

US cents per Pound Coffee, Arabicas 149.52 146.32 148.94 162.16 167.83 165.56

USD per Metric Ton Rice, Bangkok 354.35 359.48 373.19 367.55 372.55 368.10

USD per Metric Ton Wheat, US 163.79 164.56 159.25 122.80 137.09 147.31

*Base 2005=100

Primary Commodity Indices*/ Prices

Global Commodity Prices

0 50 100 150 200

2015

2016

2017

2018

Observed & Projected Price Movements, IMF WEO Database Fuel and Non-Fuel Price Indices

Food Price Index includes Cereal, Vegetable

Oils, Meat, Seafood, Sugar, Bananas, and Oranges Industrial Inputs Price Index includes

Agricultural Raw Materials and Metals

Agricultural Raw Materials Index includes

Timber, Cotton, Wool, Rubber, and Hides PriceCrude Oil Index(Petroleum), Brent, West

Texas Intermediate, and the Dubai Fateh

Metals Price Index, Copper, Aluminum, Iron

Ore, Tin, Nickel, Zinc, Lead, and Uranium Price Indices


26

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