STOCKS:
The benchmark BSE Sensex fell 161.41 points, or 0.26%,
to 61,193.3, while the broader NSE index lost 57.8
points, or 0.32%, to 18,089.85, 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% to 81.82 per the
U.S. dollar, aided by a broad decline in the U.S. dollar ahead
of the expected quarter-basis-points rate hike by the Fed later
in the day. GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 101.76
rupees, with the yield down 9 bps at 7.0057% on bets of dovish
Federal Reserve 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 8 bps to 5.96%.
CALL MONEY/REPOS:
India's overnight call money rate was up 10 bps at
6.65%. The overnight TREPS rate was at 6.39%,
compared with the previous day's weighted average of 6.6167%.
(Reporting by Dharamraj Dhutia)
MUMBAI, May 3 (Reuters) -
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.