March 7, 2013 / 9:08 AM / 5 years ago

MARKET EYE-India's OIS rates edge higher; repo bids higher

* India's interest rate swaps move higher with the near-end
1-year OIS 2 basis points (bps) up at 7.58
percent, while the benchmark five-year swap rate 
is 2 bps higher at 7.22 percent.
* Repo bids move higher after dropping for two successive
sessions, but still below the 1 trillion rupee deficit seen on
an average for a month until Friday. 
* Dealers say receiving bias likely in the run-up to policy on
March 19 with key inflation data next week.
* A foreign bank dealer tips 1-year in 7.53-7.63 percent band,
while 7.15-7.25 percent range on 5-year.

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

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