SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0422 GMT

STOCKS
-----------------------
Indian shares gain on the back of rise in Asian equities and
an upgrade of Indian equities by Goldman Sachs. The BSE index is
up 1.06 percent, The 50-share NSE index gained 0.99
percent.

GOVERNMENT BONDS
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India's benchmark federal bond yield 1 basis point higher at
8.20 percent after the RBI has desisted so far from announcing
any open market operation to ease a cash crunch.

RUPEE
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The partially convertible rupee gains to 55.40/41
to a dollar after falling to 55.61 in opening trades, versus its
previous close of 55.45/46, as custodian banks sold dollars and
the euro recovered.

INTEREST RATE SWAPS
-------------------------------------
The benchmark 5-year OIS rate 1 basis point lower at 7.14
percent, while the 1-year OIS rate down 1 basis point at 7.73
percent.

CALL MONEY
--------------------
India's cash rate at 8.05/8.10 percent versus 8.00/8.10
percent at Tuesday close, as the reporting week begins.

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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)