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SNAPSHOT-India stocks, bonds, rupee, swap, call at 0800 GMT
December 8, 2014 / 8:23 AM / in 3 years

SNAPSHOT-India stocks, bonds, rupee, swap, call at 0800 GMT

STOCKS

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The benchmark BSE index is down 0.97 percent, while the broader NSE index is 1.0 percent lower, led by Infosys Ltd after a report said some of its founders were looking to sell shares. Shares of Indian metal and mining companies also drop after weak Chinese trade data.

RUPEE

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The partially convertible rupee trades weaker at 61.94/95 as against Friday’s close of 61.77/78 per dollar, weighed down by a sharp surge in the dollar after robust U.S. payrolls data, while losses in local shares also hurt.

GOVERNMENT BONDS

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The benchmark 10-year bond yield down 2 basis points at 7.92 percent, as continued hopes for a rate cut in early 2015 drive down yield. Mild profit-taking likely at the current level, say traders.

INTEREST RATE SWAPS

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The benchmark 5-year rate down 1 basis point at 7.12 percent, while the 1-year rate is 2 basis points lower at 7.76 percent.

CALL MONEY

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The cash rate is at 8.05/8.10 percent. On Friday, it closed at 8.00/8.05.

Compiled by Dipika Lalwani

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