STOCKS:
The benchmark BSE Sensex fell 416.25 points, or 0.7%,
to 59,047.68, while the broader NSE index lost 75.5
points, or 0.43%, to 17,390.3, with the benchmark Nifty briefly
slipping below a key long-term average for the first time in
over four months, led by tech stocks after U.S. data reinforced
fears of a prolonged high interest rate regime. RUPEE:
The Indian rupee weakened 0.20% versus the U.S. dollar,
and quoted at 82.91 per dollar, after Fed's favoured inflation
measures rose, while likely dollar sales from state-run banks
capped the fall. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 98.74
rupees, with yield up 3 bps at 7.4473%; vs previous close of
7.4181%, tracking spike in U.S. yields as states announce heavy
debt sale. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 3
bps at 7.03%, while the benchmark five-year swap rate rose 9 bps to 6.73%.
CALL MONEY/REPOS:
India's overnight call money rate was unchanged at
6.70% versus the previous session. The overnight TREPS rate was at 6.58%, compared with the previous day's
weighted average of 6.6792%.
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
(.)
MUMBAI, Feb 27 (Reuters) -
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