Indian shares gain with the broader NSE index up 0.51 percent, tracking firm Asian shares. Blue-chips such as ICICI Bank and HDFC Bank gain.
India’s new 10-year bond yield up 2 basis point at 8.56 percent, and the existing 10-year benchmark bond yield gains 3 bps at 8.79 percent, as traders await results of the 80 billion rupee debt sale for further direction.
The partially convertible rupee trading stronger at 61.04/05 per dollar against the previous close of 61.21/22, tracking gains in other Asian currencies.
The benchmark 5-year swap rate down 2 basis points at 8.10 percent and the 1-year rate steady at 8.48 percent.
India’s cash rate higher at 8.45/8.50 percent against the previous close of 7.05/7.10 percent.
---------------------- Double click on codes in Reuters MIOR/MIBOR NSE MIBID/MIBOR Reuters Corporate Bond Yield/Spread For Reuters Benchmarks (Compiled by Dipika Lalwani)