STOCKS:
The benchmark BSE Sensex fell 671.15 points, or 1.12%,
to 59,135.13, while the broader NSE index lost 179.3
points, or 1.02%, to 17,410.3, as banking and financials stocks
mirrored the slump in lenders globally, while IT stocks fell on
persistent worries of high interest rates ahead of the key U.S.
jobs data later in the day. RUPEE:
The Indian rupee weakened 0.07% versus the U.S. dollar,
and quoted at 82.05 per dollar, on account of the dollar index's
rally, thanks to dollar sales by foreign banks. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 98.93
rupees, with yield down 3 bps at 7.4194% vs previous close of
7.4449%, tracking fall in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
7 bps at 7.00%, while the benchmark five-year swap rate fell 12 bps to 6.53%.
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 6.30%, compared with the previous
day's weighted average of 6.3099%.
(Reporting by Dharamraj Dhutia)
MUMBAI, March 10 (Reuters) -
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