SNAPSHOT-India stocks, rupee, swaps, call at 10:00 a.m. IST

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, Feb 6 (Reuters) -

STOCKS: The benchmark BSE Sensex fell 289.38 points, or 0.48%, to 60,552.5, while the broader NSE index lost 66.25 points, or 0.37%, to 17,787.8, dragged down by IT services companies, after a strong U.S. jobs report renewed fears that the Federal Reserve was likely to continue with aggressive rate hikes for longer. RUPEE:
The Indian rupee weakened 0.75% versus the U.S. dollar, and quoted at 82.45 per dollar, after the U.S. jobs report fuelled bets that the Federal Reserve will keep hiking interest rates GOVERNMENT BONDS: Benchmark 10-year bond was quoted at 99.61 rupees, with yield up 4 bps at 7.3175%; vs previous close of 7.2776%, tracking spike in U.S. yields, and as traders await RBI policy decision. OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate was up 6 bps at 6.65%, while the benchmark five-year swap rate rose 8 bps to 6.18%. CALL MONEY/REPOS:
India's overnight call money rate was up 35 bps at 6.05% against 5.70% in the previous session. The overnight TREPS rate was at 6.05%, compared with the previous day's weighted average of 6.0987%. (Reporting by Dharamraj Dhutia)

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