(.)
MUMBAI, March 23 (Reuters) -
STOCKS:
The benchmark BSE Sensex rose 130.75 points, or 0.22%,
to 58,345.34, while the broader NSE index gained 44.8
points, or 0.26%, to 17,196.7, after the U.S. Federal Reserve
reiterated its fight against inflation with a quarter-point rate
hike and the treasury secretary ruled out insuring all banking
deposits. RUPEE:
The Indian rupee strengthened 0.59% versus the U.S.
dollar, and quoted at 82.18 per dollar, rallying alongside Asian
currencies, as markets anticipated that the Federal Reserve was
near the end of its rate hiking cycle. GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 99.49
rupees, with the yield down 1 bps at 7.3346%, tracking the fall
in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
4 bps at 6.69%, while the benchmark five-year swap rate fell 5 bps to 6.23%.
CALL MONEY/REPOS:
India's overnight call money rate was down 55 bps at
6.15%. The overnight TREPS rate was at 6.32%,
compared with the previous day's weighted average of 6.6477%.
(Reporting by Dharamraj Dhutia)
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