SNAPSHOT-India stocks, rupee, swaps, call at close
BY Reuters | ECONOMIC | 03/23/23 07:35 AM EDTMUMBAI, March 23 (Reuters) - STOCKS: The benchmark BSE Sensex fell 289.31 points, or 0.5%, to 57,925.28, while the broader NSE index lost 75 points, or 0.44%, to 17,076.9 dragged by information technology stocks and financials, after the U.S. Federal Reserve reiterated its fight against inflation with a quarter-point rate hike even as it signalled that a pause in policy tightening could be near
RUPEE: The Indian rupee strengthened 0.48% versus the U.S. dollar, and quoted at 82.26 per dollar as investors anticipated that the Federal Reserve was near the end of its rate hiking cycle. GOVERNMENT BONDS: Benchmark 10-year bond was quoted at 99.40 rupees, with yield little changed at 7.3480%; vs previous close of 7.3495% as traders shifted focus to the announcement of borrowing calendar for April-September and the Reserve Bank of India's monetary policy decision
OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate was down 4 bps at 6.69%, while the benchmark five-year swap rate fell 6 bps to 6.22%.
CALL MONEY/REPOS: India's overnight call money rate was down 85 bps at 5.85% against 6.70% in the previous session. The overnight TREPS rate was at 6.25%, compared with the previous day's weighted average of 6.6477%. (Reporting by Bhakti Tambe)