(.)
MUMBAI, Feb 22 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 906.68 points, or 1.49%,
to 59,766.04, while the broader NSE index lost 270.75
points, or 1.52%, to 17,555.95, after strong economic data from
the U.S. kept investors worried that central banks, including
the U.S. Fed, would have to keep raising interest rates to
tackle inflation. RUPEE:
The Indian rupee weakened 0.06% versus the U.S. dollar,
and quoted at 82.85 per dollar, despite surging U.S. yields and
the fall in Asian peers, helped by a possible intervention from
the central bank. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 98.87
rupees, with yield up 4 bps at 7.4279%; vs previous close of
7.3883%, tracking spike in U.S. yields and as traders await
minutes of RBI policy. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 4
bps at 6.99%, while the benchmark five-year swap rate rose 7 bps to 6.64%.
CALL MONEY/REPOS:
India's overnight call money rate was up 10 bps at
6.65% against 6.55% in the previous session. The overnight TREPS
rate was at 6.40%, compared with the previous
day's weighted average of 6.5121%.
(Reporting by Dharamraj Dhutia)
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.