STOCKS:
The benchmark BSE Sensex rose 586.87 points, or 0.99%,
to 59,693.31, while the broader NSE index gained 154.9
points, or 0.89%, to 17,552.95, aided by strong quarterly
updates from finance companies and banks. RUPEE:
The Indian rupee strengthened 0.41% versus the U.S.
dollar, and quoted at 82.00 per dollar, amid a rally in equities
and as traders cited dollar sales by foreign banks. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.84
rupees, with yield down 3 bps at 7.2806%, mirroring movement in
U.S. peers, while focus shifted to the Reserve Bank of India's
monetary policy decision due on Thursday. 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 6 bps to 6.26%.
CALL MONEY/REPOS:
India's overnight call money rate was down 20 bps at
6.10% against 6.30% in the previous session. The overnight TREPS
rate was at 6.14%, compared with the previous
day's weighted average of 6.2565%.
(Reporting by Anushka Trivedi)
MUMBAI, April 5 (Reuters) -
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