GLOBAL MARKETS ROUNDUP
Japanese stocks skidded on Monday, helping the yen rebound from a fresh seven year low against the dollar touched after news Japan unexpectedly fell into recession in the third quarter.
The S&P BSE Sensex managed to recoup intraday losses and was trading above its crucial psychological level of 28000. The fall in the index was led by losses in HDFC Bank, HDFC, ICICI Bank BSE -1.17 % and Infosys BSE -0.53 %.
LOCAL MARKETS PREVIOUS CLOSE
• BSE index 28,046.66 (up 0.38 pct)
• NSE index 8,389.90 (up 0.38 pct)
• Rupee 61.72/73 per dlr (61.5450/5600)
• 10-year bond yield 8.22 pct (8.22 pct)
• 5-year OIS rate 7.47 pct (7.46 pct)
• 1-year OIS rate 8.06 pct (8.05 pct)
• Call money 7.75/7.80 pct (7.70/7.80 pct)
LIQUIDITY
The Reserve Bank of India said on Monday it accepted all 23 bids for 31.47 billion rupees ($510.01 million) at its three-day reverse repo auction on Friday, through which it absorbs liquidity from the banking system.
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