MUMBAI, March 14 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 337.66 points, or 0.58%,
to 57,900.19, while the broader NSE index lost 111
points, or 0.65%, to 17,043.3 as domestic lenders tracked losses
in global peers on the back of a U.S. banking crisis that
sparked a global sell-off in the sector. RUPEE:
The Indian rupee weakened 0.44% versus the U.S. dollar,
and quoted at 82.49 per dollar as fears of contagion from the
Silicon Valley Bank (SVB) crisis weighed on risk sentiment,
while markets awaited U.S. inflation data. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.16
rupees, with yield up 3 bps at 7.3841%; vs previous close of
7.3579% as local retail inflation stayed above the central
bank's target, cementing bets of another hike in policy rates
next month. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
7 bps at 6.74%, while the benchmark five-year swap rate fell 4 bps to 6.32%.
CALL MONEY/REPOS:
India's overnight call money rate was up 15 bps at
6.30% against 6.15% in the previous session. The overnight TREPS
rate was at 6.09%, compared with the previous
day's weighted average of 6.2285%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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