(.)
MUMBAI, May 8 (Reuters) - STOCKS:
The benchmark BSE Sensex rose 709.96 points, or 1.16%,
to 61,764.25, while the broader NSE index gained 195.4
points, or 1.08%, to 18,264.4 helped by a recovery in
financials, strong earnings, and on improved sentiment following
robust economic data from the United States. RUPEE:
The Indian rupee strengthened 0.01% versus the U.S.
dollar, and quoted at 81.7950 per dollar and likely dollar
purchase by the Indian central bank kept gains in check despite
a weaker greenback. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 101.46
rupees, with yield up 3 bps at 7.0488%; vs previous close of
7.0140% tracking similar movement in U.S. peers last week. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 3
bps at 6.59%, while the benchmark five-year swap rate rose 6 bps to 5.99%.
CALL MONEY/REPOS:
India's overnight call money rate was up 60 bps at
6.70% against 6.10% in the previous session. The overnight TREPS
rate was at 6.76%, compared with the previous
day's weighted average of 6.8212%.
(Reporting by Bhakti Tambe)
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