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) -
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