STOCKS:
The benchmark BSE Sensex SENSEX was down 0.3% to 84185, while the broader NSE Nifty 50 NIFTY decline 0.3% to 25793, tracking losses in Asian stocks as risk appetite took a hit as hopes for imminent rate cuts in the U.S. eased.
RUPEE:
The Indian rupee USDINR declined 0.06% versus the U.S. dollar to 88.7225, weighed down by the hit to risk appetite even as likely dollar-selling intervention by central bank helped it hold above its all-time low.
GOVERNMENT BONDS:
The benchmark 10-year bond (IN063335G=CC) was quoted at 98.61 rupees, with the yield up 1 bp at 6.5287% as traders fretted over potential liquidity absorption and reduction in bond buying by the central bank.
OVERNIGHT INDEX SWAPS:
The one-year overnight index swap rate (INR1YMIBROIS=CC) was up 1 basis point at 5.4725%, while the five-year swap rate (INR5YMIBROIS=CC) ticked up 2 bps to 5.7275%.
CALL MONEY:
India’s overnight call money rate (INROND=) was at 5.55%, and the overnight TREPS rate (INTREPTOT=TCCL) was at 5.40%.