STOCKS:
The benchmark BSE Sensex rose 495.52 points, or 0.84%,
to 59,601.96, while the broader NSE index gained 126.45
points, or 0.73%, to 17,524.5, aided by strong quarterly updates
from finance companies and banks, while inflation concerns kept
investors cautious a day ahead of the Reserve Bank of India's
monetary policy decision. RUPEE:
The Indian rupee strengthened 0.26% to 82.13 per U.S.
dollar as the greenback declined after weak U.S. data GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 99.82
rupees, with the yield down 3 bps at 7.2858%, tracking the fall
in U.S. yields, while the focus remains on the RBI's rate
decision. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
6 bps at 6.78%, while the benchmark five-year swap rate fell 7 bps to 6.25%.
CALL MONEY/REPOS:
India's overnight call money rate was unchanged at
6.30%. The overnight TREPS rate was at 6.25%,
compared with the previous day's weighted average of 6.2565%.
(Reporting by Dharamraj Dhutia)
MUMBAI, April 5 (Reuters) -
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.