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

Tue Jan 29, 2013 6:57am EST

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STOCKS  
    -----------------------
    The BSE index ends down 0.56 percent, and the broader NSE
index ends 0.41 percent lower, led by a decline in
rate-sensitive stocks such as HDFC Bank, after India's central
bank lowered its key policy rate, but made further rate cuts
conditional on government moves to control fiscal deficit.
 
    
    GOVERNMENT BONDS 
    -------------------------------
    The 10-year bond yield ends down 1 basis
point at 7.85 percent, after the country's central bank cut
interest rates by a quarter percentage point, with its cautious
stance on future policy disappointing investors. 
    
    RUPEE    
    --------------
    The rupee ends stronger at 53.76/77 per dollar against its
Monday's close of 53.91/92, after the central bank cut interest
rates and CRR, with dollar inflows tied to a sizeable share sale
also aiding. 
    
    INTEREST RATE SWAPS  
    ------------------------------------- 
    The benchmark 5-year swap rate ends 3 basis points higher at
7.17 percent, while the 1-year rate is 1 bp higher at 7.57
percent.
    
    CALL MONEY 
    --------------------           
    India's four-day cash rate ends at 7.95/8.05 percent, little
lower from previous close of 8.00/8.10 percent. 
    
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  Reuters MIOR/MIBOR                                    
  NSE MIBID/MIBOR                                     
  Reuters Corporate Bond Yield/Spread             
  For Reuters Benchmarks                        

 (Compiled by Abhishek Vishnoi)
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