MUMBAI, Feb 7 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 380.8 points, or 0.63%,
to 60,126.1, while the broader NSE index lost 75.3
points, or 0.42%, to 17,689.3, see-sawing between optimism that
the Reserve Bank of India will pause rate hikes after Wednesday,
and worries that the Fed was likely to keep upping rates for
longer. RUPEE:
The Indian rupee strengthened 0.05% versus the U.S.
dollar, and quoted at 82.68 per dollar, ahead of U.S. Federal
Reserve Chair Jerome Powell's speech. GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 99.67
rupees, with the yield down 1 bps at 7.3083% as traders await
the results of state debt sale result and the RBI's policy
decision. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
4 bps at 6.65%, while the benchmark five-year swap rate fell 6 bps to 6.20%.
CALL MONEY/REPOS:
India's overnight call money rate was unchanged at
6.10%. The overnight TREPS rate was at 6.01%,
compared with the previous day's weighted average of 6.0195%.
(Reporting by Dharamraj Dhutia)
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