The benchmark BSE index and the broader NSE index trading flat as investors book profits after shares surged to a record high earlier in the day.
India’s benchmark 10-year bond yield down 3 basis points at 8.83 percent on expectation of strong demand at the state loan sale. The yield was off 6 basis points from its intraday high.
The Indian rupee trading weaker at 60.76/77 versus previous close of 60.59/60, on the back of heavy dollar demand from oil importers.
The benchmark five-year rate up 1 basis point at 8.44 percent and the one-year unchanged at 8.58 percent.
India’s cash rate lower at 8.75/8.80 percent versus previous close of 9.15/9.20 percent.
---------------------- Double click on codes in Reuters MIOR/MIBOR NSE MIBID/MIBOR Reuters Corporate Bond Yield/Spread For Reuters Benchmarks (Compiled by Dipika Lalwani)