(.)
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: ))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.