SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0659 GMT

STOCKS
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India's main 30-share BSE index up 0.18 percent, while the
broader 50-share NSE index rises 0.22 percent.
Dealers say that considering the sharp run-up over the
last two sessions, some correction could set in at higher levels
later during the day.

GOVERNMENT BONDS
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India's benchmark 10-year bond yield down 3 basis points at
8.12 percent, as hopes the government will introduce some
reforms grow as the monsoon session of Parliament begins on
Wednesday.

RUPEE
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The Indian rupee weaker at 55.2575/2700 per dollar, compared
with 55.0650/0750 at previous close.
Dealers say oil-related demand main driver of current upmove
of the dollar, also some short-covering seen after three
successive sessions of losses for pair.

INTEREST RATE SWAPS
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The benchmark 5-year OIS rate up 4 bps at 7.04 percent,
while the 1-year rate also rises 3 bps to 7.71 percent.

CALL MONEY
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The one-day cash rate at 8.00/8.05 percent, compared with
8.00/8.10 percent at close on Tuesday.

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Reuters MIOR/MIBOR
NSE MIBID/MIBOR
Reuters Corporate Bond Yield/Spread
For Reuters Benchmarks
South Asia markets technicals - (www.reuterstechnicals.com)

(Compiled by Madhura Karnik)