STOCKS:
The benchmark BSE Sensex fell 520.25 points, or 0.86%,
to 59,910.75, while the broader NSE index lost 115.75
points, or 0.65%, to 17,712.25, snapping a nine-day winning
streak after Infosys tumbled to spark a selloff in IT stocks. RUPEE:
The Indian rupee weakened 0.15% versus the U.S. dollar,
and quoted at 81.725 per dollar, as the dollar index recovered
some ground, tracking a rise in Treasury yields following mixed
U.S. data. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 100.11
rupees, with yield up 2 bps at 7.2419%, tracking a rise in U.S
yields on anticipation of another rate hike by the U.S. Federal
Reserve early next month. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
1 bps at 6.57%, while the benchmark five-year swap rate rose 6 bps to 6.18%.
CALL MONEY/REPOS:
India's overnight call money rate was up 30 bps at
6.45% against 6.15% in the previous session. The overnight TREPS
rate was at 6.60%, compared with the previous
day's weighted average of 6.2400%.
(Reporting by Anushka Trivedi)
MUMBAI, April 17 (Reuters) -
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