STOCKS:
The benchmark BSE Sensex rose 355.06 points, or 0.62%,
to 57,989.9, while the broader NSE index gained 122.7
points, or 0.72%, to 17,108.3, tracking a rebound in global
equities after a slew of measures to support the global banking
system eased worries about a crisis in the sector. RUPEE:
The Indian rupee strengthened 0.23% versus the U.S.
dollar, and quoted at 82.54 per dollar, as broader market
sentiment improved after rescue of crisis-hit banks in the U.S.
and Europe. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.28
rupees, with yield up 1 bp at 7.3668%, as traders awaited
Federal Reserve policy decision due next week. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 4
bps at 6.75%, while the benchmark five-year swap rate rose 1 bp to 6.31%.
CALL MONEY/REPOS:
India's overnight call money rate was unchanged at
6.50% from the previous session. The overnight TREPS rate was at 6.72%, compared with the previous day's
weighted average of 6.6114%.
(Reporting by Anushka Trivedi; Editing by Dhanya Ann Thoppil)
MUMBAI, March 17 (Reuters) -
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