MUMBAI, March 9 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 541.81 points, or 0.9%,
to 59,806.28, while the broader NSE index lost 169.95
points, or 0.96%, to 17,584.45, snapping a three-session winning
streak, as concerns of a prolonged high-interest rate regime
weighed on sentiment. RUPEE:
The Indian rupee strengthened 0.10% versus the U.S.
dollar, and quoted at 81.9750 per dollar, with traders citing
inflows, but the Reserve Bank of India's likely intervention
capped further gains. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 98.78
rupees, with yield down 1 bps at 7.4408%, as market participants
await crucial U.S. data after the recent spike in Treasury
yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
3 bps at 7.07%, while the benchmark five-year swap rate fell 4 bps to 6.64%.
CALL MONEY/REPOS:
India's overnight call money rate was up 5 bps at
6.35% against 6.30% in the previous session. The overnight TREPS
rate was at 6.30%, compared with the previous
day's weighted average of 6.3092%.
(Reporting by Anushka Trivedi; Editing by Anil D'Silva)
anushka.trivedi.thomsonreuters.com@reuters.net))
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