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SNAPSHOT-India stocks, rupee, swaps, call at close

BY Reuters | ECONOMIC | 06/02/23 07:36 AM EDT

MUMBAI, June 2 (Reuters) - STOCKS: The benchmark BSE Sensex rose 118.57 points, or 0.19%, to 62,547.11, while the broader NSE index gained 46.35 points, or 0.25%, to 18,534.1 driven by a jump in Hero MotoCorp following strong monthly sales, while signs that the U.S. Federal Reserve could pause its interest rate hiking cycle underpinned investor sentiment.

RUPEE: The Indian rupee strengthened 0.12% versus the U.S. dollar, and quoted at 82.33 per dollar on the back of increased bets for a U.S. Federal Reserve rate pause, while persistent dollar inflows into stocks also aided. GOVERNMENT BONDS: Benchmark 10-year bond was quoted at 101.92 rupees, with yield flat at 6.9823%; vs previous close of 6.9824% after a debt auction added to supply.

OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate was down 1 bps at 6.52%, while the benchmark five-year swap rate fell 1 bps to 6.00%.

CALL MONEY/REPOS: India's overnight call money rate was down 50 bps at 5.80% against 6.30% in the previous session. The overnight TREPS rate was at 6.25%, compared with the previous day's weighted average of 6.2126%. (Reporting by Bhakti Tambe)

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