MORNING NEWS CALL

FACTORS TO WATCH 9:30 am: RBI Deputy Governor N.S. Vishwanathan and other banking officials at FIBAC 2018 in Mumbai. 1:00 pm: SBI Chairman Rajnish Kumar to speak on “Role of Banks & Industry in Building the Economy" at FICCI meet in Mumbai.

LIVECHAT - PROSPECTS FOR FIXED INCOME A LiveChat on world bond markets with RBC fixed-income strategist Craig Bishop ahead of the Jackson Hole gathering of central bankers at 8:30 pm IST. To join the conversation, click here

INDIA TOP NEWS EXCLUSIVE-U.S. tech giants plan to fight India's data localisation plans U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters. Infosys says CFO Ranganath has tendered resignation The Chief Financial Officer of Infosys has tendered his resignation just seven months after India's second-biggest software services exporter appointed a new Chief Executive Officer. Jet Airways in talks to sub-lease aircraft to regional carrier Jet Airways is in talks to sub-lease nearly half its ATR turboprop aircraft to regional carrier TruJet, in a move that will reduce its presence in the competitive domestic market as the beleaguered airline struggles to raise money. India allows conditional import of petcoke; cement shares rise India on Friday allowed import of petcoke for use as feedstock in some industries, sending shares of cement manufacturers higher. Sudan wants ONGC's Videsh to withdraw arbitration over oil payment dues Sudan wants India's ONGC Videsh Ltd (OVL) to withdraw arbitration proceedings against the African nation as it is making efforts to mitigate default on payment of dues, OVL said in a statement on Friday. GLOBAL TOP STORIES Afghanistan announces Muslim Eid holiday ceasefire with Taliban Afghan President Ashraf Ghani announced a ceasefire with Taliban insurgents from Monday to mark the Muslim Eid al-Adha holiday, days after fighting in the central city of Ghazni and a northern province.

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INSIGHT-Trade war puts new strains on America Inc's factories in China Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing centre of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America's biggest retailers. Focus shifts to rescues as rain abates in India's flood-hit Kerala Torrential rain finally let up in India's flood-hit Kerala state on Sunday, giving some respite for thousands of marooned families, but authorities feared an outbreak of disease among around 725,000 people crammed into relief camps.

STATE OF THE MARKETS SGX Nifty nearest-month futures were trading at 11,523.00, up 0.4 percent from previous close. -NewsRise The Indian rupee is expected to open higher against the dollar as demand for safe-haven assets cools amid hopes of easing China-U.S. trade tensions. -NewsRise

Indian government bonds will likely open little changed, as the rupee is expected to recover from record-low levels, while the rate-setting Monetary Policy Committee’s latest meeting minutes showed the authority is committed to achieve its inflation target. Yield on the benchmark 7.17 percent bond maturing in 2028 may trade in a 7.82 percent -7.88 percent band today. -NewsRise U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico. Asian share markets crept cautiously higher as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from dangerous lows. The dollar sagged as investor demand for the safe-haven currency receded on optimism over a reduction in U.S.-China trade tensions, with the focus on discussions between the two countries due this week. U.S. Treasury yields were slightly lower on Friday, as risk aversion worsened slightly after the Turkish lira weakened again following warnings of further U.S. tariffs, reigniting worries about an emerging market currency crisis. Oil prices dipped as concerns over slowing economic growth weighed on markets. Gold prices held steady after making up some ground from 19-month lows hit last week, supported by mild weakness in the U.S. dollar on hopes trade tensions between the United States and China could be easing.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 70.31/70.34 August 17 --- ---

10-yr bond yield 7.86 pct Month-to-date --- ---

Year-to-date --- ---

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PICTURE OF THE DAY

An aerial view shows a partially submerged road at a flooded area in the southern state of Kerala, August 19. REUTERS/Sivaram V