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

Fri Jan 4, 2013 7:00am EST

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STOCKS  
    -----------------------
    Indian shares edged higher on Friday to touch two-year
highs, posting their strongest weekly performance since the end
of November, as oil fims such as ONGC rose on hopes a proposed
change in government's pricing formula would boost gas prices. 
    India's BSE index rose 0.1 percent and the broader NSE index
was up 0.11 percent. 
    
    GOVERNMENT BONDS 
    ------------------------------- 
    India's 10-year bond yield down 4 basis points (bps) at 7.93
percent, with yields posting their biggest weekly fall since
early July, on hopes of a rate cut as early as January and
limited supply. 
    
    RUPEE    
    --------------
    Rupee weaker at 55.07/08 per dollar versus its close of
54.49/50 on the back of dollar demand from oil and defence firms
as well as other companies while the global risk-off mood also
prompted short-covering of dollar positions. 
    
    INTEREST RATE SWAPS  
    ------------------------------------- 
    India's short-end 1-year rate ended at 7.58
percent, down 1 bp. The long-end 5-year OIS rate 
was 2 bps higher at 7.14 percent. 
    
    CALL MONEY   
    --------------------           
    India's three-day cash rate at 8.00/8.10 percent versus its
close of 7.95/8.05 percent on Thursday. 
    
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  Double click on codes in < > 
  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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