STOCKS:
The benchmark BSE Sensex rose 242.27 points, or 0.4%,
to 61,354.71, while the broader NSE index gained 82.65
points, or 0.46%, to 18,147.65, aided by broad-based gains
across sectors on March-quarter earnings, ahead of the U.S.
Federal Reserve's interest rate decision on Wednesday. RUPEE:
The Indian rupee weakened 0.07% versus the U.S. dollar,
and quoted at 81.88 per dollar, as investors squared off their
short positions ahead of rate decisions by the U.S. Federal
Reserve and the European Central Bank this week. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 101.15
rupees, with yield down 3 bps at 7.0924%; vs previous close of
7.1196%, as traders await Fed policy and debt sale this week. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was
unchanged at 6.58%, while the benchmark five-year swap rate rose 2 bps to 6.06%.
CALL MONEY/REPOS:
India's overnight call money rate was up 10 bps at
6.30% against 6.20% in the previous session. The overnight TREPS
rate was at 6.55%, compared with the previous
day's weighted average of 6.7644%.
(Reporting by Dharamraj Dhutia)
(.)
MUMBAI, May 2 (Reuters) -
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