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SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0415 GMT

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Mon Jan 7, 2013 11:24pm EST

STOCKS  
    -----------------------
    India's BSE index down 0.09 percent and the broader NSE
index 0.11 percent lower, as caution prevails ahead of the
earnings starting this Friday which will remain key for the
near-term trend. Oil and gas stocks lower on profit-taking after
rising sharply over the last few sessions as the government
hinted towards fuel subsidy rationalisation. 
    
    GOVERNMENT BONDS 
    ------------------------------- 
    India's 10-year bond yield up 1 basis point (bp) at 7.91
percent as traders booked profits after bonds rallied over the
last 11 sessions on expectations of a rate cut later this month
and amid improving liquidity conditions. 
    
    RUPEE    
    --------------
    The rupee little changed at 55.21/22 versus its previous
close of 55.23/24 and off the day's high of 55.05 as oil and
gold importers started buying dollars. 
    
    INTEREST RATE SWAPS  
    ------------------------------------- 
    The 1-year OIS rate 1 bp lower at 7.58 percent while the
5-year rate steady at 7.16 percent.
    
    CALL MONEY   
    --------------------           
    India's overnight cash rate at 8.00/8.05 percent steady at
its previous close on lower demand in the second week of the
reporting fortnight. 
    
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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 Swati Bhat)
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