MUMBAI, Jan 31 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 98.1 points, or 0.16%, to
59,402.31, while the broader NSE index lost 2.9 points,
or 0.02%, to 17,646.05, as financial stocks continued their
slide since a short-sellers attack on the Adani Group and IT
stocks dropped ahead of the Federal Reserve's policy decision,
with investors also cautious ahead of the Union budget. RUPEE:
The Indian rupee weakened 0.27% versus the U.S. dollar,
and quoted at 81.72 per dollar, as traders cited outflows from
foreign banks on jitters in equity markets and around the
Federal Reserve meeting outcome. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.27
rupees, with yield down 3 bps at 7.3671% vs previous close of
7.4004%, on short covering before budget. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
3 bps at 6.70%, while the benchmark five-year swap rate rose 1 bps to 6.30%.
CALL MONEY/REPOS:
India's overnight call money rate was up 5 bps at
6.50% against 6.45% in the previous session. The overnight TREPS
rate was at 6.42%, compared with the previous
day's weighted average of 6.4863%.
(Reporting by Dharamraj Dhutia)
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