MUMBAI, March 13 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 897.28 points, or 1.52%,
to 58,237.85, while the broader NSE index lost 258.6
points, or 1.49%, to 17,154.3 dragged by a selloff in financial
stocks, as the Silicon Valley Bank (SVB) collapse weakened
investor sentiment. RUPEE:
The Indian rupee weakened 0.11% versus the U.S. dollar,
and quoted at 82.12 per dollar as weak risk sentiment owing to a
U.S. lender's collapse saw equities fall and the dollar index
recover. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.34
rupees, with yield down 7 bps at 7.3579%; vs previous close of
7.4321% tracking a plunge in U.S. yields, as investors scaled
back expectations of an aggressive rate hike by the Federal
Reserve this month. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
21 bps at 6.79%, while the benchmark five-year swap rate fell 22 bps to 6.33%.
CALL MONEY/REPOS:
India's overnight call money rate was down 15 bps at
6.15% 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 Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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