STOCKS:
The benchmark BSE Sensex fell 360.95 points, or 0.62%,
to 57,628.95, while the broader NSE index lost 106.45
points, or 0.62%, to 16,993.6, dragged by financials, as
lingering worries of contagion risks in the global banking
system dented sentiment. RUPEE:
The Indian rupee weakened 0.10% versus the U.S. dollar,
and quoted at 82.6350 per dollar, as relief from the Credit
Suisse rescue deal proved to be short-lived, with investors
dumping risk assets on worries over a contagion in the global
financial sector. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.51
rupees, with yield down 2 bps at 7.3316%, mirroring its U.S.
peers, while dipping odds of a rate hike by the Federal Reserve
also led to fresh position building. 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 10 bps to 6.20%.
CALL MONEY/REPOS:
India's overnight call money rate was up 50 bps at
6.55% against 6.05% in the previous session. The overnight TREPS
rate was at 6.40%, compared with the previous
day's weighted average of 6.4143%.
(Reporting by Anushka Trivedi)
MUMBAI, March 20 (Reuters) -
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