STOCKS:
The benchmark BSE Sensex fell 850.51 points, or 1.47%,
to 57,139.39, while the broader NSE index lost 219.9
points, or 1.29%, to 16,880.15, on lingering worries of
contagion risks in the global banking system despite a historic
Swiss-backed acquisition of troubled Credit Suisse by UBS Group
offering some relief. RUPEE:
The Indian rupee weakened 0.06% versus the U.S. dollar,
and quoted at 82.61 per dollar, as worries around the banking
crisis ahead of a Federal Reserve meeting persisted. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.58
rupees, with yield down 3 bps at 7.3212%; vs previous close of
7.3511%, tracking drop in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
13 bps at 6.61%, while the benchmark five-year swap rate fell 15 bps to 6.15%.
CALL MONEY/REPOS:
India's overnight call money rate was up 25 bps at
6.30% against 6.05% in the previous session. The overnight TREPS
rate was at 6.71%, compared with the previous
day's weighted average of 6.4143%.
(Reporting by Dharamraj Dhutia)
MUMBAI, March 20 (Reuters) -
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