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SNAPSHOT-India stocks, bonds, rupee, swap, call at close
November 20, 2014 / 11:53 AM / in 3 years

SNAPSHOT-India stocks, bonds, rupee, swap, call at close



The benchmark BSE index ended down 0.12 percent and the broader NSE index 0.23 percent lower, as exporters such as Infosys Ltd rallied after the rupee fell to a nine-month low, although the weaker local currency hit other blue-chips such as Tata Motors by tempering hopes of interest rate cuts.



The partially convertible rupee ended at 61.94/95 per dollar versus its previous close of 61.96/97, after a fall to a nine-month low had sparked mild intervention from the central bank, as emerging market currencies were hit by a weak reading in a private survey of China’s manufacturing.



The benchmark 10-year bond yield ended flat at 8.16 percent giving up all the gains, after Bloomberg quoted a central bank adviser as calling for an interest rate cut, while the continued fall in global crude oil prices also aided sentiment.



The benchmark five-year swap rate closed 5 bps lower at 7.35 percent and the one-year rate ended down 6 bps at 7.95 percent.



India’s cash rate ended at 8.00/8.05 percent, higher than Wednesday’s close of 7.50/7.60 percent. (Compiled by Swati Bhat)

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