STOCKS

-----------------------

The benchmark BSE index is down 0.10 percent at 20,082.35

while the broader NSE index drops 0.06 percent to 6,071.25, with

traders preferring to stay on the sidelines ahead of the central

bank's monetary policy review decision due at 0530 GMT.

GOVERNMENT BONDS

-------------------------------

The 10-year bond yield is up 3 basis points (bps) at 7.89

percent after a central bank report said sustained fiscal

consolidation was needed to create room for monetary easing,

raising doubts about whether it would cut interest rates later

in the day as widely expected.

RUPEE

--------------

The rupee is unchanged at 53.91/92 per dollar as month-end

dollar demand gets offset by positive sentiment on the back of

gains in regional shares. Cautiousness also prevails ahead of

the central bank's policy review.

INTEREST RATE SWAPS

-------------------------------------

The benchmark 5-year swap rate is up 1 bp at 7.15 percent

while the 1-year rate is up 2 bps at 7.58 percent.

CALL MONEY

--------------------

India's overnight cash rate is at 8.05/8.10 percent versus

its Monday's close of 8.00/8.10 percent on higher demand for

cash in the first week of a fresh reporting fortnight.

---------------------

Double click on codes in

Reuters MIOR/MIBOR

NSE MIBID/MIBOR

Reuters Corporate Bond Yield/Spread

For Reuters Benchmarks

(Compiled by Swati Bhat)

Keywords: INDIA SNAPSHOT/

(swati.bhat@thomsonreuters.com)(+91-22-61807353)(Reuters Messaging: swati.bhat.thomsonreuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2013. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.