May 30, 2013 / 11:39 AM / 4 years ago

MARKET EYE-India's OIS rates ease; GDP data next trigger

* India's benchmark five-year overnight indexed swap rate
 2 basis points (bps) lower at 6.85 percent.
* The one-year rate 1 bp lower at 7.12 percent.
* Dealers say long-end likely to get driven by global rates,
particularly 10-year U.S. Treasury yields, with 6.78
percent-6.93 percent on 5-year likely to hold.
* Short-end may respond to GDP and trade data and trade in the
7.05-7.20 percent band.

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)

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