India stocks, rupee, swaps, call at close
MUMBAI, Sept 29 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN fell 188.32 points, or 0.33%, to 56,409.96, as futures indicated that the overnight rally in U.S. equities was unlikely to sustain. The Sensex earlier in the session had climbed to as high as 57,166.14.
RUPEE: The Indian rupee ended marginally higher at 81.86 to the dollar compared with 81.94 in the previous session. The rupee had opened at 81.61, but dollar buying from foreign banks pushed it to near its record low of 81.95, prompting likely intervention from the Reserve Bank of India
GOVERNMENT BONDS: Benchmark 10-year bond IN072632G=CC was quoted at 99.43 rupees, with yield up 1 bps at 7.3405% as caution ahead of the RBI's policy decision on Friday outweighed the impact of fall in U.S. yields. OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate INRAMONMI1Y= was up 6 bps at 6.91%, while the benchmark five-year swap rate INRSMONMI5Y= fell 2 bps to 6.92% ahead of RBI policy. CALL MONEY/REPOS: India's overnight call money INROND= rate was down 5 bps at 5.60% against 5.65% in the previous session. The overnight TREPS rate INTREPTOT=TCCL was at 5.80%, compared with the previous day's weighted average of 5.6513%.
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