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

MUMBAI, Dec 6 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN fell 242.83 points, or 0.39%, to 62,591.77, while the broader NSE index .NSEI lost 106.2 points, or 0.57%, to 18,594.85, tracking Asian shares as data showing strength in the U.S. economy raised fears of a prolonged high interest-rate cycle, while focus shifts to the local central bank's monetary policy decision due Wednesday. RUPEE: The Indian rupee INR=IN weakened 0.53% versus the U.S. dollar, and quoted at 82.23 per dollar, falling below a key level that likely prompted traders to exit their bets on the Asian unit. GOVERNMENT BONDS: The benchmark 10-year bond IN072632G=CC was quoted at 100.14 rupees – with yield up 1 bps at 7.2374% vs its previous close of 7.2254% – tracking a rise in U.S. yields, while traders now await the RBI's monetary policy decision. OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate INRAMONMI1Y= was up 1 bps at 6.60%, while the benchmark five-year swap rate INRSMONMI5Y= stayed fixed to 6.24%. CALL MONEY/REPOS: India's overnight call money INROND= rate was up 15 bps at 5.75%. The overnight TREPS rate INTREPTOT=TCCL was at 5.63%, compared with the previous day's weighted average of 5.6241%.
Reporting by Dharamraj Dhutia

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