STOCKS ----------------------- The BSE index gains 0.1 percent, while the 50-share NSE index is up 0.02 percent, in a quiet trading session ahead of a public holiday on Tuesday. GOVERNMENT BONDS
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India's benchmark 10-year bond yield
steady at 8.15 percent.
Bonds see some support after Finance Minister P. Chidambaram tells The Economic Times newspaper he wants the RBI to "walk in the same direction" as the government by cutting interest rates in response to sweeping reforms.
RUPEE --------------
The rupee at 52.75/74 versus its previous close of 52.85/86, on expectations of continued foreign fund inflows.
INTEREST RATE SWAPS
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India's benchmark 5-year OIS down 3 basis points (bps) at 7.02 percent, while the 1-year rate falls 4 bps to 7.59 percent.
CALL MONEY --------------------
India's one-day cash rate at 8.00/8.05 percent versus its previous close of 7.95/8.00 percent.
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(Compiled by Abhishek Vishnoi)
((abhishek.vishnoi@thomsonreuters.com)(+91 22 61807225)(Reuters Messaging: abhishek.vishnoi.reuters.com@reuters.net))
Keywords: INDIA SNAPSHOT/