STOCKS:
The benchmark BSE Sensex fell 66.13 points, or 0.11%,
to 58,925.39, while the broader NSE index lost 6.8
points, or 0.04%, to 17,352.95, amid rising inflation concerns
due to a surge in oil prices after a surprise output cut by
OPEC+. RUPEE:
The Indian rupee weakened 0.25% versus the U.S. dollar,
and quoted at 82.38 per dollar, as Asian currencies weakened
following the output cut by OPEC+ GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.47
rupees, with yield up 2 bps at 7.3381% vs previous close of
7.3180%, tracking rise in oil prices. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 3
bps at 6.84%, while the benchmark five-year swap rate rose 4 bps to 6.32%.
CALL MONEY/REPOS:
India's overnight call money rate was down 105 bps at
6.30% against 7.35% in the previous session. The overnight TREPS
rate was at 6.26%, compared with the previous
day's weighted average of 6.9204%.
(Reporting by Dharamraj Dhutia)
MUMBAI, April 3 (Reuters) -
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