MUMBAI, March 8 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 135.48 points, or 0.22%,
to 60,088.98, tracking the overnight slump on U.S. equities on
worries over the U.S. interest rates. The broader NSE index lost 50.15 points, or 0.28%, to 17,661.3. RUPEE:
The Indian rupee weakened 0.28% to 82.15 to dollar
after Federal Reserve Chair Jerome Powell opened the door for a
larger rate hike at this month's meeting. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 98.66
rupees, with yield up 3 bps at 7.4592%, after the same maturity
U.S. yield marched to 4%. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up
12 bps at 7.12%, while the benchmark five-year swap rate rose 10 bps to 6.69%.
CALL MONEY/REPOS:
India's overnight call money rate was down 20 bps at
6.10% against 6.30% in the previous session. The overnight TREPS
rate was at 6.30%, compared with the previous
day's weighted average of 6.2600%.
(Reporting by)
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