MUMBAI, Feb 17 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 316.94 points, or 0.52%,
to 61,002.57, while the broader NSE index lost 88.6
points, or 0.49%, to 17,947.25, after a fresh slate of U.S.
economic data underscored bets that the Federal Reserve would
keep interest rates higher for longer. RUPEE:
The Indian rupee weakened 0.14% versus the U.S. dollar,
and quoted at 82.83 per dollar, on concerns over surging U.S.
yields. GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 99.13
rupees, with the yield up 5 bps at 7.3889% after the RBI
devolved bonds in a move that surprised the market. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 4
bps at 6.92%, while the benchmark five-year swap rate rose 11 bps to 6.53%.
CALL MONEY/REPOS:
India's overnight call money rate was down 40 bps at
5.90%. The overnight TREPS rate was at 6.52%,
compared with the previous day's weighted average of 6.2384%.
(Reporting by Dharamraj Dhutia)
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