SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
BY Reuters | ECONOMIC | 09/19/24 06:13 AM EDTMUMBAI, Sept 19 (Reuters) - STOCKS: The benchmark BSE Sensex was up 0.4% at 83,106, while the broader NSE index advanced 0.3% to 25,449, buoyed by expectations of a rise in foreign inflows after the U.S. Federal Reserve started its monetary easing cycle with a large half-percentage-point rate reduction.
RUPEE: The Indian rupee rose 0.08% versus the U.S. dollar to 83.68 aided by likely portfolio inflows and a rally in the Chinese yuan after the Federal Reserve delivered a large 50-basis-point cut. GOVERNMENT BONDS: The benchmark 10-year bond was quoted at 102.41 rupees, with the yield hitting the lowest level in 31 months and down 3 bps at 6.7527%, as traders resumed bond purchases in the wake of a bumper rate cut from the U.S. central bank.
OVERNIGHT INDEX SWAPS: The one-year overnight index swap rate was down 2 basis points 6.37%, while the five-year swap rate was marginally lower at 5.9625%.
CALL MONEY: India's overnight call money rate was at 5.90% and the overnight TREPS rate was at 6.00%. (Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala)