MUMBAI, March 23 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 289.31 points, or 0.5%,
to 57,925.28, while the broader NSE index lost 75
points, or 0.44%, to 17,076.9 dragged by information technology
stocks and financials, after the U.S. Federal Reserve reiterated
its fight against inflation with a quarter-point rate hike even
as it signalled that a pause in policy tightening could be
near RUPEE:
The Indian rupee strengthened 0.48% versus the U.S.
dollar, and quoted at 82.26 per dollar as investors anticipated
that the Federal Reserve was near the end of its rate hiking
cycle. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.40
rupees, with yield little changed at 7.3480%; vs previous close
of 7.3495% as traders shifted focus to the announcement of
borrowing calendar for April-September and the Reserve Bank of
India's monetary policy decision 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 6 bps to 6.22%.
CALL MONEY/REPOS:
India's overnight call money rate was down 85 bps at
5.85% against 6.70% in the previous session. The overnight TREPS
rate was at 6.25%, compared with the previous
day's weighted average of 6.6477%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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