STOCKS:
The benchmark BSE Sensex rose 142.1 points, or 0.24%,
to 59,277.23, helped by the jump in U.S. equity futures after
the U.S. took steps to rein in the impact of the failure of the
Silicon Valley Bank. The broader NSE index advanced 36.1
points, or 0.21%, to 17,449. RUPEE:
The Indian rupee strengthened 0.18% to 81.89 to the
U.S. currency, tracking the dollar's broad decline on bets that
the Federal Reserve may opt for a less aggressive stance. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.22
rupees, with yield down 6 bps at 7.3751%, on back of the slump
in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
15 bps at 6.85%, while the benchmark five-year swap rate fell 15 bps to 6.40%.
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 6.27%, compared with the previous
day's weighted average of 6.2444%.
(Reporting by Nimesh Vora)
MUMBAI, March 13 (Reuters) -
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