India stocks, rupee, swaps, call at close
MUMBAI, Dec 1 (Reuters) -
STOCKS: The benchmark BSE Sensex .BSESN rose 184.54 points, or 0.29%, to 63,284.19, while the broader NSE index .NSEI gained 60.65 points, or 0.32%, to 18,819, tracking gains in global equities after Federal Reserve Chair Jerome Powell hinted at slowing the pace of interest rate hikes.
RUPEE: The Indian rupee INR=IN strengthened 0.26% versus the U.S. dollar, and quoted at 81.23 per dollar, as global markets were buoyed by the U.S. Federal Reserve Chair Jerome Powell's comments that were less hawkish than expected. GOVERNMENT BONDS: The benchmark 10-year bond IN072632G=CC was quoted at 100.33 rupees, with yield down 7 bps at 7.2095% vs previous close of 7.2798%. The benchmark yield ending at its lowest level in eleven weeks, after Federal Reserve Chair Jerome Powell struck a more dovish tone than the market expected on interest rates. OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate INRAMONMI1Y= was down 4 bps at 6.63%, while the benchmark five-year swap rate INRSMONMI5Y= fell 6 bps to 6.27%. CALL MONEY/REPOS: India's overnight call money INROND= rate was down 15 bps at 5.60%. The overnight TREPS rate INTREPTOT=TCCL was at 5.51%, compared with the previous day's weighted average of 5.6576%.
Reporting by Dharamraj Dhutia
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