(.)
MUMBAI, May 3 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 161.41 points, or 0.26%,
to 61,193.3, while the broader NSE index lost 45.85
points, or 0.25%, to 18,101.8 dragged by information technology
(IT) stocks, as caution prevailed across markets ahead of the
U.S. Federal Reserve's rate decision later in the day. RUPEE:
The Indian rupee strengthened 0.07% versus the U.S.
dollar, and quoted at 81.82 per dollar aided by a broad decline
in the U.S. dollar ahead of the expected quarter-point rate hike
by the Fed later in the day. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 101.73
rupees, with yield down 8 bps at 7.0100%; vs previous close of
7.0924% tracking a sharp fall in U.S. peers, as traders
anticipated a policy pivot from the U.S. Federal Reserve after
delivering a rate hike later in the day. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
5 bps at 6.54%, while the benchmark five-year swap rate fell 6 bps to 5.98%.
CALL MONEY/REPOS:
India's overnight call money rate was down 30 bps at
6.25% against 6.55% in the previous session. The overnight TREPS
rate was at 6.39%, compared with the previous
day's weighted average of 6.6167%.
(Reporting by Bhakti Tambe)
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