MUMBAI, Feb 28 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 326.23 points, or 0.55%,
to 58,962.12, while the broader NSE index lost 88.75
points, or 0.51%, to 17,303.95 amid persistent rate hike fears
and sustained foreign selling, ahead of the domestic GDP data
for the December quarter. RUPEE:
The Indian rupee strengthened 0.21% versus the U.S.
dollar, and quoted at 82.67 per dollar as a decline in the
dollar index allowed risk assets to recover slightly. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 98.64
rupees, with yield up 1 bps at 7.4623%; vs previous close of
7.4533% as traders await economic growth data for the
October-December quarter, due later in the day. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
3 bps at 7.00%, while the benchmark five-year swap rate fell 2 bps to 6.66%.
CALL MONEY/REPOS:
India's overnight call money rate was unchanged at
6.65% against 6.65% in the previous session. The overnight TREPS
rate was at 6.15%, compared with the previous
day's weighted average of 6.6372%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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