(Corrects to add headline tag; no change in text)
MUMBAI, Feb 8 (Reuters) - STOCKS:
The benchmark BSE Sensex rose 380.84 points, or 0.63%,
to 60,666.88, while the broader NSE index gained 123.5
points, or 0.70%, to 17,845 after the Reserve Bank of India
(RBI) delivered a smaller interest rate hike as widely expected,
while embattled Adani Group shares recouped losses for a second
straight day. RUPEE:
The Indian rupee was marginally higher versus the U.S.
dollar, and quoted at 82.66 per dollar after the RBI maintained
its withdrawal of accommodation policy stance. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.41
rupees, with yield up 4 bps at 7.3465%; vs previous close of
7.3102% after the RBI hiked the repo rate as expected, but
maintained its policy stance, which dampened sentiment. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was 10
bps higher at 6.75%, while the benchmark five-year swap rate rose 12 bps to 6.35%.
CALL MONEY/REPOS:
India's overnight call money rate was up 25 bps at
6.30% against 6.05% in the previous session. The overnight TREPS
rate was at 6.50%, compared with the previous
day's weighted average of 6.0407%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.