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: ))
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