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SNAPSHOT-India stocks, bonds, rupee, swaps, call at close
July 16, 2012 / 12:17 PM / 5 years ago

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

STOCKS          
    -----------------------
    India's main 30-share BSE index closed down 0.64 percent,
its lowest close in July, while the broader 50-share NSE index
closed down 0.57 percent as doubts about whether the central
bank will cut rates hit some interest rate-sensitive stocks such
as DLF.  
     
    GOVERNMENT BONDS       
    ------------------------------- 
    India's benchmark 10-year bond yield closed down 5 basis
points at 8.05 percent, as heavy bets were placed on the
possibility of a rate cut at the Reserve Bank of India's July 31
policy review after headline inflation eased more than expected
in June. 
  
    RUPEE  
    --------------          
    The Indian rupee closed weaker at 55.31/32 per
dollar versus its previous close of 55.14/15, tracking declines
in domestic shares after data showing steady core inflation cast
doubts about whether the central bank will lower interest rates
this month. 
     
    INTEREST RATE SWAPS  
    -------------------------------------       
    The 1-year OIS rate ended down 9 basis points
at 7.51 percent, and the 5-year OIS rate closed
10 bps lower at 6.87 percent after June wholesale price
inflation came in below expectations. 
     
    CALL MONEY        
    --------------------        
    The one-day cash rate closed at 7.90/8.00 percent,
unchanged from its Friday's close.  
 
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 (Compiled by Swati Bhat)

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