STOCKS:
The benchmark BSE Sensex fell 639.51 points, or 1.1%,
to 57,350.39, while the broader NSE index lost 149.95
points, or 0.88%, to 16,950.1, as some investors worried about
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 strengthened 0.09% versus the U.S.
dollar, and quoted at 82.49 per dollar, as the Credit Suisse
rescue calmed some nerves, but worries around the banking crisis
ahead of a Federal Reserve meeting persisted. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.49
rupees, with yield down 2 bps at 7.3346%; vs previous close of
7.3511%, tracking similar move in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
8 bps at 6.66%, while the benchmark five-year swap rate fell 8 bps to 6.22%.
CALL MONEY/REPOS:
India's overnight call money rate was up 70 bps at
6.75% against 6.05% in the previous session. The overnight TREPS
rate was at 6.73%, compared with the previous
day's weighted average of 6.4143%.
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
MUMBAI, March 20 (Reuters) -
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.