MUMBAI, April 17 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 520.25 points, or 0.86%,
to 59,910.75, while the broader NSE index lost 121.15
points, or 0.68%, to 17,706.85 after Infosys tumbled over 9% and
sparked a selloff in IT stocks. RUPEE:
The Indian rupee weakened 0.15% versus the U.S. dollar,
and quoted at 81.9725 per dollar as the dollar index recovered
some ground, tracking a rise in Treasury yields following mixed
U.S. data. GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 100.07
rupees, with the yield up 2 bps at 7.2475%, tracking a rise in
U.S yields in 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
unchanged at 6.58%, while the benchmark five-year swap rate rose 3 bps to 6.15%.
CALL MONEY/REPOS:
India's overnight call money rate was up 25 bps at
6.40%. The overnight TREPS rate was at 6.60%,
compared with the previous day's weighted average of 6.2400%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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