The Indian rupee weakened 0.26% versus the U.S. dollar, and quoted at 82.48 per dollar as risk sentiment worsened on worries over health of the financial sector in U.S. and Europe. INR/]
GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.64
rupees, with yield down 4 bps at 7.3128%; vs previous close of
7.3480% tracking a fall in U.S. yields OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
7 bps at 6.64%, while the benchmark five-year swap rate fell 11 bps to 6.14%.
CALL MONEY/REPOS:
India's overnight call money rate was down 10 bps at
6.50% against 6.60% in the previous session. The overnight TREPS
rate was at 6.76%, compared with the previous
day's weighted average of 6.5002%.
(Reporting by Bhakti Tambe)