India currency, bonds, cash and overnight indexed swap markets are closed on Thursday for a local holiday. Trading resumes on Friday. The stock market is open. On Wednesday, the partially convertible rupee closed at 46.555/565 per dollar, 0.2 percent stronger than 46.64/65 at close on Tuesday.

The yield on the benchmark 10-year federal bond closed up 6 basis points at 7.94 percent after rising to a 3-½ month high of 7.97 percent.

The benchmark five-year swap rate ended at 7.09/12 percent, above its previous close of 7.00/7.03 percent. The overnight interbank call rate ended at 5.70/80 percent, compared with Tuesday's close of 5.65/75 percent and off the day's high of 5.85 percent, Thomson Reuters data showed.