India stocks, rupee, swaps, call at close



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MUMBAI, Oct 3 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN fell 638.11 points, or 1.11%, to 56,788.81, while the broader NSE index .NSEI lost 208.65 points, or 1.22%, to 16,885.7, amid fears of a possible drop in global crude output rekindling worries of inflation intensifying in the world's third largest oil importing country.

RUPEE: The Indian rupee INR=IN declined 0.65% to 81.8725, tumbling near record low levels amid frail risk sentiment, as oil importers ramped up dollar demand anticipating a jump in crude prices, with traders saying the Reserve Bank of India tried to halt the local currency's losses. GOVERNMENT BONDS: Benchmark 10-year bond IN072632G=CC was quoted at 98.55 rupees, with yield up 7 bps at 7.4683%, as debt supply concerns became the dominant trigger for sell-off. OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate INRAMONMI1Y= was up 7 bps at 6.95%, while the benchmark five-year swap rate INRSMONMI5Y= rose 13 bps to 7.02%, tracking local government bond yields. CALL MONEY/REPOS: India's overnight call money INROND= rate was down 20 bps at 5.75% against 5.95% in the previous session. The overnight TREPS rate INTREPTOT=TCCL was at 5.60%, compared with the previous day's weighted average of 5.6561%.
Reporting by Anushka Trivedi in Mumbai; Editing by Dhanya Ann Thoppil

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