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US Futures Pare Losses, but Trend Still Down

SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0502 GMT

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Published: Friday, 12 Oct 2012 | 1:15 AM ET

STOCKS ----------------------- The BSE index fell 0.3 percent, and the 50-share NSE index

also down 0.23 percent. Infosys

led

the fall after its revenue forecast disappoints.

The company also said revenue growth forecast for the current fiscal year that ends in March 2013 does not include the revenue from Lodestone Holding AG.

GOVERNMENT BONDS

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

India's benchmark 10-year bond yield

up 1 basis point (bp) at 8.17 percent, ahead of August factory data. Industrial output data, due around 0530 GMT, will likely show 1.1 percent growth annually in August after barely growing at all in July, a Reuters poll showed.

RUPEE --------------

USD/INR steady at its previous close of 52.6850/6950 as a stable euro prevents any gains in the pair while losses in domestic shares limit a major fall. The pair has moved in a band of 52.5550 to 52.73 in the session.

INTEREST RATE SWAPS

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

India's benchmark 5-year OIS up 3 bp at 7.00 percent, while the 1-year rate up 1 bp at 7.61 percent.

CALL MONEY --------------------

India's one-day cash rate at 8.05/8.10 percent, nearly steady from its 8.00-8.05 percent close on Thursday.

--------------------- Double click on codes in < > Reuters MIOR/MIBOR NSE MIBID/MIBOR

Reuters Corporate Bond Yield/Spread

For Reuters Benchmarks

South Asia markets technicals - (

) (Compiled by Manoj Dharra)

((swati.bhat@thomsonreuters.com)(+91-22-61807353)(Reuters

Messaging: swati.bhat.thomsonreuters.com@reuters.net))

Keywords: INDIA SNAPSHOT/

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The company also said revenue growth forecast for the current fiscal year that ends in March 2013 does not include the revenue from Lodestone Holding AG. India's benchmark 10- year bond yield. India's benchmark 5- year OIS up 3 bp at 7.00 percent, while the 1- year rate up 1 bp at 7.61 percent.

   
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