STOCKS:
The benchmark BSE Sensex rose 261.23 points, or 0.42%,
to 62,289.13, lead by auto companies following upbeat earnings
by Tata Motors. The broader NSE index gained 48.4
points, or 0.26%, to 18,363.2. RUPEE:
The Indian rupee weakened 0.04% versus the U.S. dollar,
pressured by the rise in U.S. yields. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 101.78
rupees, with yield up 1 bps at 7.0023% amid rise in U.S. yields,
profit taking and lower than expected Indian April inflation
rate. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
1 bps at 6.56%, while the benchmark five-year swap rate fell 2 bps to 5.98%.
CALL MONEY/REPOS:
India's overnight call money rate was unchanged at
6.75% against 6.75% in the previous session. The overnight TREPS
rate was at 6.76%, compared with the previous
day's weighted average of 6.7569%.
(Reporting by)
MUMBAI, May 15 (Reuters) -
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