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

Tue May 14, 2013 8:34am EDT

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STOCKS  
    -----------------------
    India's main share index ended up 0.16 percent, while the
broader 50-share NSE index closed up 0.25 percent, as lenders
such as State Bank of India and Axis Bank gained after the
wholesale inflation index eased to its lowest in more than three
years, spurring hopes the central bank would continue to cut
rates. 
        
    GOVERNMENT BONDS 
    --------------------------------
    The 10-year bond yield fell 11 basis points (bps) to 7.47
percent on Tuesday after the wholesale inflation numbers raised
expectations for further rates cuts. 
    
    RUPEE 
    --------------
    The partially convertible rupee ended weaker at 54.81/82
versus 54.73/74 on Monday due to optimism the central bank would
cut rates to boost economic growth. 

    INTEREST RATE SWAPS  
    -------------------------------------
    The benchmark 5-year swap rate fell 13 bps to
6.72 percent, after earlier touching its lowest since September
2011. The one-year rate dropped 11 bps to 7.09
percent, the lowest since early January 2011. 
    
    CALL MONEY 
    --------------------      
    India's cash rate at 7.25/7.35 percent, almost unchanged
from Tuesday's close. 
    
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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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