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4 years ago
SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0708 GMT
June 20, 2013 / 7:28 AM / 4 years ago

SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0708 GMT

The Indian rupee slumped to a record low on Thursday, while
stocks and bonds were hit, after the Federal Reserve signalled a
tapering of its monetary stimulus, highlighting the country's
dependence on foreign capital inflows to fund its current
account deficit.
    Markets were also hit by data showing China's factory
activity weakened to a nine-month low in June. 
    
     STOCKS  
    -----------------------
    India's benchmark BSE index down 2.14 percent and the
broader NSE index 2.28 percent lower. 
    
    GOVERNMENT BONDS 
    --------------------------------
    The benchmark 10-year government bond up 10 basis points
(bps) at 7.36 percent. Trading in some government debt
securities was halted earlier in the day due to circuit
breakers, but was later resumed after the country's fixed income
association sought the central bank's approval to raise the
upper trading limits. 
    
    RUPEE 
    --------------
    The partially convertible rupee at 59.81/82 per dollar after
hitting an all-time low of 59.9350, versus 58.71/72 on
Wednesday. 
    
    INTEREST RATE SWAPS  
    -------------------------------------
    The longer-end five-year swap rate up 23 bps at 7.18 percent
and the one-year rate higher 17 bps at 7.20 percent.

    CALL MONEY 
    --------------------      
    India's one-day cash rate at 7.20/7.25 percent, compared
with Wednesday close of 7.25/7.30 percent. 
    
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 (Compiled by Himank Sharma)

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