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SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0900 GMT
August 27, 2013 / 9:08 AM / 4 years ago

SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0900 GMT

    Indian shares slump on worries the passage of a food
security bill would worsen the country's fiscal deficit. The
benchmark BSE index down 3.1 percent and the broader NSE index
lower 3.35 percent. 
    India's 10-year bond yield up 20 basis points at 8.54
percent tracking weakness in the rupee. 
    The Indian rupee plunges to a record low below the key
psychological 66 per dollar mark, as a sharp sell-off in shares
prompts greenback demand from foreign funds looking to exit the
market while month-end demand from importers also hurts. The
partially convertible rupee at 65.73/80 per dollar versus its
previous close of 64.30/31. 
    The benchmark five-year overnight indexed swap rate up 20
bps at 8.62 percent. The one-year rate higher 20 bps at 9.70
    India's cash rate at 10.25/10.35 percent, versus Monday's
close of 10.20/10.25 percent. 
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 (Compiled by Himank Sharma)

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