MUMBAI, March 2 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 501.73 points, or 0.84%,
to 58,909.35, while the broader NSE index lost 129
points, or 0.74%, to 17,321.9 as foreign selling continued amid
persistent fears of a prolonged high-interest regime. RUPEE:
The Indian rupee weakened 0.11% versus the U.S. dollar,
and quoted at 82.59 per dollar as Treasury yields surged after
more data prints hinted at inflation concerns persisting in
major economies. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 98.80
rupees, with yield up 2 bps at 7.4386%; vs previous close of
7.4180% mirroring U.S. peer, although trading volume remained
thin. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 2
bps at 7.01%, while the benchmark five-year swap rate rose 1 bps to 6.62%.
CALL MONEY/REPOS:
India's overnight call money rate was down 5 bps at
6.30% against 6.35% in the previous session. The overnight TREPS
rate was at 6.20%, compared with the previous
day's weighted average of 6.2697%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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