MUMBAI, March 8 (Reuters) -
STOCKS:
The benchmark BSE Sensex rose 123.63 points, or 0.21%,
to 60,348.09, while the broader NSE index gained 42.85
points, or 0.24%, to 17,754.3, aided by auto stocks, but gains
were capped by rate hike concerns after U.S. Federal Reserve
Chair Jerome Powell's hawkish commentary. RUPEE:
The Indian rupee weakened 0.18% versus the U.S. dollar,
and quoted at 82.05 per dollar amid worries over the U.S.
interest rate outlook, but the losses were contained by
exporters and speculators. GOVERNMENT BONDS:
Th ebenchmark 10-year bond was quoted at 98.66
rupees, with the yield up 3 bps at 7.4600%, tracking their U.S.
peers, on rising bets of a larger Fed rate hike later in the
month. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up
11 bps at 7.11%, while the benchmark five-year swap rate rose 10 bps to 6.69%.
CALL MONEY/REPOS:
India's overnight call money rate was up 5 bps at
6.35%. The overnight TREPS rate was at 6.02%,
compared with the previous day's weighted average of 6.2600%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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