GLOBAL MARKETS ROUNDUP
Oil prices were knocked again on Wednesday, with Asian shares and the dollar also pulling back as global growth concerns and political uncertainty in Greece prompted a flight to safety.
The S&P BSE Sensex bounced back in intraday trade after losing as much as 87 points in early trade on Wednesday. However, the index was still trading in a range.
LOCAL MARKETS PREVIOUS CLOSE
• BSE index 27,797.01 (down 1.15 pct)
• NSE index 8,340.70 (down 1.16 pct)
• Rupee 61.88/89 per dlr (61.83/84)
• 10-year bond yield 7.90 pct (7.92 pct)
• 5-year OIS rate 7.16 pct (7.15 pct)
• 1-year OIS rate 7.78 pct (7.78 pct)
• Call money 8.20/8.25 pct (8.00/8.05 pct)
OVERNIGHT NEWS
India should allow banks to use gold as part of their liquidity reserves, which would let them make more use of gold inside the country and reduce the need for imports, an industry body said on Tuesday, seeing that as an alternative to import curbs.
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