July 16, 2012 / 5:08 AM / 5 years ago

MARKET EYE-Indian OIS rates rise ahead of inflation data

* India's one-year overnight index swap rate and
the benchmark five-year rate's moved up 1 basis
point each to 7.61 percent and 6.98 percent, respectively.
* Mild profit-taking ahead of the keenly watched inflation data
due at 0600 GMT which will set expectations for the upcoming
policy review on July 31, traders said.
* Global crude prices stayed above $102 per barrel, reigniting
fears of inflation in the domestic economy weighing on the
market, they said. 

 (archana.narayanan@thomsonreuters.com/;
archana.narayanan.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below