Thursday, May 01, 2008
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May 1 2008 7:32AM
Indian stock, fx, bond markets closed for holiday

MUMBAI, May 1 (Reuters) - Indian stock, bond and currency markets are closed on Thursday for a local holiday. Trading resumes on Friday.

On Wednesday, the 30-share BSE index <.BSESN> fell 0.5 percent in choppy trade at 17,287.31, but posted its first monthly rise this year, as investors awaited the outcome of a U.S. rate decision. See [.BO].

The rupee <INR=IN> fell to a fresh six-week low as oil refiners bought the dollar, and traders said the U.S. Federal Reserve's interest rate decision later in the day would have little impact on the market.

The partially convertible rupee ended at 40.50/52 per dollar, its lowest close since March 18, and weaker than Tuesday's close of 40.47/48. See [INR/].

The 10-year federal bond yield <IN082418G=CC> ended at 7.92 percent, off an early trough of 7.90 percent that was its lowest since the security was issued on April 21. It had closed at 7.94 percent on Tuesday. See [IN/] (Reporting by Saikat Chatterjee; Editing by Ranjit Gangadharan) (([email protected]; +91 22 6636 9035; Reuters Messaging: [email protected])) Keywords: INDIA MARKETS/HOLIDAY

Keywords: INDIA MARKETS/HOLIDAY =2

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