MUMBAI, March 21 (Reuters) - STOCKS:
The benchmark BSE Sensex rose 445.73 points, or 0.77%,
to 58,074.68, while the broader NSE index gained 119.1
points, or 0.70%, to 17,107.5 as financials stocks rallied
following a raft of measures to stabilise the global banking
sector. RUPEE:
The Indian rupee was largely flat versus the U.S.
dollar, and quoted at 82.6550 per dollar as investors were wary
ahead of a pivotal U.S. Federal Reserve policy decision, amid
major economies grappling with a banking sector crisis. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.39
rupees, with yield up 1 bps at 7.3495% vs previous close of
7.3361% as the market awaited the outcome of the U.S. Federal
Reserve's monetary policy meeting this week amid global banking
turmoil OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 6
bps at 6.73%, while the benchmark five-year swap rate rose 4 bps to 6.28%.
CALL MONEY/REPOS:
India's overnight call money rate was up 105 bps at
6.75% against 5.70% in the previous session. The overnight TREPS
rate was at 6.89%, compared with the previous
day's weighted average of 6.6658%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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.