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 42.95
points, or 0.24%, to 17,754.4 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:
Benchmark 10-year bond was quoted at 98.69
rupees, with yield up 3 bps at 7.4547% vs previous close of
7.4262% as sentiment turned bearish after comments by Federal
Reserve chair Jeremy Powell sparked a spike in U.S. yields and
raised bets of aggressive moves later in the month. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up
10 bps at 7.10%, while the benchmark five-year swap rate rose 9 bps to 6.68%.
CALL MONEY/REPOS:
India's overnight call money rate was down 5 bps at
6.25% against 6.30% in the previous session. 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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