India stocks, rupee, swaps, call at 10 a.m. IST


MUMBAI, Dec 2 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN fell 350.09 points, or 0.55%, to 62,934.1, while the broader NSE index .NSEI lost 97.75 points, or 0.52%, to 18,714.75, after an eight-day rally, as investors paused ahead of U.S. payrolls data to gauge more signs of a shift in rate hike plans from the Federal Reserve.

RUPEE: The Indian rupee INR=IN firmed 0.09% to 81.14 per dollar as the greenback slumped after more U.S. data reaffirmed expectations of a slowdown in the pace of rate hikes by the Federal Reserve. GOVERNMENT BONDS: Benchmark 10-year bond IN072632G=CC was quoted at 100.51 rupees, with yield down 3 bps at 7.1835%, following a further fall in U.S. yields, with traders shifting focus to fresh supply of debt through weekly auctions. OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate INRAMONMI1Y= was down 3 bps at 6.59%, while the benchmark five-year swap rate INRSMONMI5Y= fell 3 bps to 6.22%. CALL MONEY/REPOS: India's overnight call money INROND= rate was up 20 bps at 5.80% against 5.60% in the previous session. The overnight TREPS rate INTREPTOT=TCCL was at 5.65%, compared with the previous day's weighted average of 5.6326%.
Reporting by Anushka Trivedi in Mumbai; Editing by Dhanya Ann Thoppil

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