Early morning News Call – India, June 14

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FACTORS TO WATCH
10:00 am: Roadway Transportation Minister Nitin Gadkari to speak at a seminar in New
Delhi.
12:00 pm: Government to launch May wholesale cost inflation information in New
Delhi.

LIVECHAT – FOMC PREVIEW with Sean Maloney, Chief Economist and Strategist,
Finconomics
The Fed seems to be in a dilemma circumstance. Yellen and co. have been
favouring normalisation of rates, but current data hasn’t been encouraging of a.
hike. What do we need to watch for in the June FOMC conference? And is July still.
” live”? Sean will break it down for us at 10:00 IST. To join the conversation,.
click on the link: here.

INDIA TOP NEWS.
India’s May retail inflation meetings near 2-yr high on surging food costs.
India’s annual consumer cost inflation accelerated to a near two-year high.
of 5.76 percent in May, driven by surging rates of food products such as pulses.
and sugar, which might dampen hopes of a rate cut at least throughout the next.
financial policy evaluation in August.
RBI relieves stressed out asset restructuring guidelines.
The Reserve Bank of India relaxed standards on Monday for lenders.
reorganizing large stressed loans, in a relocation that could enable banks to more.
successfully manage bad loans.

INTERNATIONAL TOP NEWS.
Orlando shooter likely ‘radicalized’ through internet, U.S. says.
U.S. authorities said on Monday they had discovered no direct links in between.
Islamic State militants and the gunman who killed 49 individuals at a gay bar.
in Orlando, explaining him as a domestic extremist who was motivated by radical.
Islamist groups.
Microsoft to purchase LinkedIn for $26.2 billion in its biggest offer.
Microsoft Corp will purchase LinkedIn Corp for $26.2 billion in its biggest-ever.
offer, a bold stroke by Microsoft CEO Satya Nadella in his efforts making the.
age-old software company a major force in next-generation computing.

After Florida shooting, Trump solidifies stance on Muslims.
Republican Donald Trump on Monday put obligation for a mass shooting.
in Florida squarely at the feet of extreme Muslims, who he stated were entering.
the country amidst a flood of refugees and “trying to take over our children.”.

LOCAL MARKETS OUTLOOK.
( As reported by NewsRise).
The SGX Nifty Futures was trading at 8,108.00, down 0.26 pct from its.
previous close.
The Indian rupee is poised to open a little greater against the United States
dollar, tracking modest gains in the majority of Asian currencies, as care ahead of the.
Federal Reserve’s two-day policy meeting soft need for the greenback.
Nevertheless, lukewarm risk hunger amidst issues that Britain might exit the European.
Union this month will likely restrict gains, dealers said. – NewsRise.
Indian government bonds are expected to fall in early trade as chances of.
a near-term rate cut receded after the nation’s retail inflation, the central.
bank’s primary cost gauge, increased at the fastest rate of yearly expansion in virtually.
2 years. The yield on the benchmark 7.59 pct bond growing in 2026 is most likely.
to sell a 7.50 pct-7.55 pct band today, a dealer with a state-run bank said.
– NewsRise.

GLOBAL MARKETS.
Wall Street stumbled for a third straight session on Monday as tech.
stalwarts Microsoft and Apple dragged on indexes and financiers braced for significant.
financial and political events in the United States and Europe.
Asian stocks slipped amid growing worries this month’s mandate in.
Britain might see it exit the European Union, while markets were also worried.
ahead of the U.S. Federal Reserve’s two-day conference that begins later on in the.
day.
The British pound remained vulnerable near a two-month low against the dollar.
and the yen hovered near six-week highs against the United States currency on fears.
Britain might leave the European Union in a referendum less than 10 days away.

U.S. Treasury yields was up to a four-month short on Monday led by.
shorter-dated maturities as enhanced worries about Britain leaving the European.
Union weighed on investor threat appetite and sovereign financial obligation yields in developed.
markets around the world was up to lowest levels.
Crude oil futures fell, as financiers neglected signs of market tightness to.
focus on concerns over worldwide development and over night declines in stocks on the.
impending vote on Britain’s possible European Union exit.
Gold held constant after touching a four-week high in the prior session,.
with concentrate on a two-day U.S. Federal Reserve conference that starts later in the.
day and on Britain’s June 23 vote on whether to leave the European Union.

CLOSE FII FINANCIAL INVESTMENTS EQUITIES DEBT.
PNDF area 67.16/ 67.19 June 13 – $26.22 mln.
10-yr bond yield 7.70 pct Month-to-date $624.67 mln -$ 242.71 mln.
Year-to-date $2.81 bln -$ 1.31 bln.

For extra data:.
India govt bond market volumes.
Stock exchange reports.
Non-deliverable forwards data.
Corporate debt stories [IN CORPD] Local market closing/intraday levels [IN PHOTO] Month-to-month inflows [INFLOWS RTRS TABLE IN]
($ 1 = 67.13 Indian rupees).

( Compiled by Nivedita Balu in Bengaluru).

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