STOCKS

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India's BSE index gained 0.24 percent and the broader NSE

index rose 0.15 percent in line with Asian shares that rose on

Wednesday after rounds of profit-taking as a sharp rally at the

start of the new year subsided.

GOVERNMENT BONDS

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The 10-year yield was down 1 basis point at

7.90 percent ahead of December inflation data on Monday.

RUPEE

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The partially convertible rupee at 55/55.02 per

dollar compared with 54.99/00 per dollar, as macroeconomic

concerns continued to occupy centre stage after Fitch's renewed

ratings downgrade warning on Tuesday.

INTEREST RATE SWAPS

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The benchmark 5-year swap rate down 1 bp at

7.17 percent, while the 1-year rate unchanged

at 7.57 percent.

CALL MONEY

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India's overnight cash rate at 8.00/8.10 percent versus

Monday's close of 8.00/8.05 percent.

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Double click on codes in

Reuters MIOR/MIBOR

NSE MIBID/MIBOR

Reuters Corporate Bond Yield/Spread

For Reuters Benchmarks

South Asia markets technicals - (www.reuterstechnicals.com)

(Compiled by Archana Narayanan)

Keywords: INDIA SNAPSHOT/

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