MUMBAI, April 5 (Reuters) - STOCKS:
The benchmark BSE Sensex rose 582.87 points, or 0.99%,
to 59,689.31, while the broader NSE index gained 159
points, or 0.91%, to 17,557.05 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
(RBI) monetary policy decision. 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 99.89
rupees, with yield down 4 bps at 7.2750%; vs previous close of
7.3142% mirroring the movement in their U.S. peers, while
investors shifted focus 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
7 bps at 6.77%, while the benchmark five-year swap rate fell 8 bps to 6.24%.
CALL MONEY/REPOS:
India's overnight call money rate was unchanged at
6.30% 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 Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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