STOCKS:
The benchmark BSE Sensex fell 359.9 points, or 0.61%,
to 59,104.03, while the broader NSE index lost 132.25
points, or 0.76%, to 17,333.55, tracking broad decline in Asian
shares on concerns over Federal Reserve rate hikes. RUPEE:
The Indian rupee weakened 0.16% versus the U.S. dollar,
to 82.88 after a measure of U.S. inflation that the Fed prefers
topped estimates. GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 98.81
rupees, with the yield up 2 bps at 7.4372%, following a jump in
U.S. yields on back of the inflation data. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 1
bps at 7.01%, while the benchmark five-year swap rate rose 2 bps to 6.66%.
CALL MONEY/REPOS:
India's overnight call money rate was down 10 bps at
6.60%. The overnight TREPS rate was at 6.74%,
compared with the previous day's weighted average of 6.6792%.
(Reporting by Nimesh Vora)
MUMBAI, Feb 27 (Reuters) -
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