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MARKET EYE-Indian OIS rates flat; liquidity watched
December 10, 2012 / 8:38 AM / 5 years ago

MARKET EYE-Indian OIS rates flat; liquidity watched

* India's shorter-end 1-year OIS rate unchanged
at 7.64 percent, and the benchmark 5-year OIS rate
 also steady at 7.06 percent.
* Receiving bias stayed following the central bank's
announcement that it will buy up to 120 billion rupees ($2.22
billion) of federal government bonds on Tuesday through OMOs,
its second debt buy in as many weeks. 
* Caution remained ahead of the factory output data for October
scheduled to be released on Wednesday and headline inflation
data for November on Friday -- two key data points ahead of
RBI's monetary policy meeting on Dec. 18. 
* Cash deficit in the banking system, which stands at 907.90
billion rupees, will be watched closely as it is expected to
tighten further on advance tax outflows during this week.

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