(.)
MUMBAI, Feb 23 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 139.18 points, or 0.23%,
to 59,605.8, while the broader NSE index lost 43.05
points, or 0.25%, to 17,511.25 as investors continued to fret
over the likelihood that central banks would have to keep
raising interest rates to tackle inflation. RUPEE:
The Indian rupee strengthened 0.14% versus the U.S.
dollar, and quoted at 82.73 per dollar as Asian currencies made
some headway following losses fuelled by worries over rising
U.S. yields. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.12
rupees, with yield down 3 bps at 7.3905%; vs previous close of
7.4249% on value buying after the minutes from the Reserve Bank
of India's (RBI) latest policy meeting were less hawkish than
feared. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
4 bps at 6.95%, while the benchmark five-year swap rate fell 6 bps to 6.58%.
CALL MONEY/REPOS:
India's overnight call money rate was down 50 bps at
6.15% against 6.65% in the previous session. The overnight TREPS
rate was at 6.35%, compared with the previous
day's weighted average of 6.5431%.
(Reporting by Siddhi Nayak)
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