SNAPSHOT-India stocks, rupee, swaps, call at 1:05 p.m. IST

Reuters · 03/10/2023 07:40
SNAPSHOT-India stocks, rupee, swaps, call at 1:05 p.m. IST

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STOCKS:

The benchmark BSE Sensex .BSESN fell 639.26 points, or 1.07%, to 59,167.02, while the broader NSE index .NSEI lost 188.65 points, or 1.07%, to 17,400.95, on concerns of a prolonged high-interest rate regime, while investors awaited the key U.S. -farm payrolls data due later in the day. .BO


RUPEE:

The Indian rupee INR=IN weakened 0.08% versus the U.S. dollar, and quoted at 82.05 per dollar, but held up better than its Asian peers, as risk assets were sold off in the region ahead of a critical U.S. jobs report. INR/



GOVERNMENT BONDS:

Benchmark 10-year bond IN072632G=CC was quoted at 98.98 rupees, with yield down 3 bps at 7.4111%, mirroring the drop in U.S. yields, even as markets awaited the key -farm payrolls data due later in the day. IN/


OVERNIGHT INDEXED SWAPS:

The one-year overnight indexed swap rate INRAMONMI1Y= was down 9 bps at 6.98%, while the benchmark five-year swap rate INRSMONMI5Y= fell 10 bps to 6.55%.


CALL MONEY/REPOS:

India's overnight call money INROND= rate was down 20 bps at 6.15% against 6.35% in the previous session. The overnight TREPS rate INTREPTOT=TCCL was at 6.22%, compared with the previous day's weighted average of 6.3099%.


(Reporting by Anushka Trivedi)

((anushka.trivedi@thomsonreuters.com; Reuters Messaging: anushka.trivedi.thomsonreuters.com@reuters.))