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MARKET EYE-India OIS rates ease ahead of GDP data
May 30, 2012 / 10:48 AM / 6 years ago

MARKET EYE-India OIS rates ease ahead of GDP data

* India OIS rates ease, with the 1-year rate down
2 basis points at 7.91 pct, and the 5-year swap
rate down 2 bps at 7.42 pct.	
* Receiving bias is seen late in the afternoon in OIS as traders
are betting on a weak GDP data on Thursday, which some traders
say could prompt RBI to cut rates in June. 	
* Global risk aversion and a sell-off in global commodity
prices, with Brent below $106 per dollar, also aided
receiving.  	
	
 (archana.narayanan@thomsonreuters.com)

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