August 27, 2013 / 11:54 AM / 4 years ago

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

    Indian shares slump on worries the passage of a food
security bill would worsen the country's fiscal deficit. The
benchmark BSE index ends down 3.2 percent and the broader NSE
index closes lower 3.5 percent. 
    India's 10-year bond yield rises for a third session on
worries about the fiscal deficit and a record low rupee. It ends
higher 44 basis points at 8.78 percent. 
    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 closes at 66.24/25 per dollar versus
its previous close of 64.30/31. 
    The benchmark five-year overnight indexed swap rate up 36
bps at 8.78 percent. The one-year rate 34 bps higher at 9.84
    India's cash rate at 10.15/10.20 percent, versus Monday's
close of 10.20/10.25 percent. 
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  Reuters MIOR/MIBOR                                    
  NSE MIBID/MIBOR                                     
  Reuters Corporate Bond Yield/Spread             
  For Reuters Benchmarks                        

 (Compiled by Subhadip Sircar)

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