SNAPSHOT-India stocks, bonds, rupee, swaps, call at close

Thu Nov 22, 2012 7:01am EST

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STOCKS  
    ----------------------- 
    India's 30-share BSE index ended up 0.31 percent at
18,517.34 and the 50-share NSE index 0.23 percent higher at
5,627.75,  as a weaker rupee boosted IT shares such as Infosys,
while banking stocks such as SBI rose on the first day of the
winter session of parliament. 
         
    GOVERNMENT BONDS 
    -------------------------------
    India's benchmark 10-year bond yield ended 2 basis points
higher at 8.23 percent after a government source told Reuters
that the fiscal deficit aim may be breached, potentially
resulting in 350-400 billion rupees extra market borrowing.
 
     
    RUPEE   
    --------------
    The partially convertible rupee ended weaker at
55.21/22 per dollar versus its previous close of 55.11/12. The
Indian rupee fell for a third straight session on Thursday as
persistent dollar buying by oil refiners and absence of major
dollar inflows due to a holiday in the United States hurt the
local unit. 
    
    INTEREST RATE SWAPS  
    -------------------------------------
    The benchmark 5-year swap rose to an over two-month high to
7.20 percent. It ended 2 bps higher at 7.19 percent. The 1-year
overnight index swap (OIS) was unchanged at 7.76 percent.
                  
    CALL MONEY 
    --------------------         
    India's one-day cash rate ended at 8.05/8.10 percent
compared with its previous close of 8.00/8.10. Repo bids rose to
a five month high of 1.24 trillion rupees. 
    ---------------------        
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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 Subhadip Sircar)
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