MUMBAI, Feb 6 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 334.98 points, or 0.55%,
to 60,506.9, while the broader NSE index lost 88.8
points, or 0.50%, to 17,765.25 dragged by tech stocks after a
strong U.S. jobs report renewed fears of the Federal Reserve
sustaining aggressive rate hikes for longer, while foreign
investors continued to sell. RUPEE:
The Indian rupee weakened 1.08% versus the U.S. dollar,
and quoted at 82.743 per dollar after the upbeat U.S. jobs
report fanned fears of more rate hikes by the Fed, while
analysts reassessed the prospect of rate cuts this year. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.59
rupees, with yield up 4 bps at 7.3197% vs previous close of
7.2776%, tracking U.S. yields as strong economic data raised
fears of another Fed rate hike. 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 9 bps to 6.19%.
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 6.03%, compared with the previous
day's weighted average of 6.0987%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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