SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
BY Reuters | ECONOMIC | 09/20/24 06:02 AM EDTMUMBAI, Sept 20 (Reuters) - STOCKS: The benchmark BSE Sensex was up 0.1% to 84005, while the broader NSE index also advanced 1.5% to 25805, with both the indices hitting record highs, as an outsized interest rate reduction by the U.S. Federal Reserve and the anticipation of a soft landing boosted risk appetite.
RUPEE: The Indian rupee rose 0.1% versus the U.S. dollar to 83.56, helped by a rally in its Asian peers and likely portfolio inflows after the U.S. Federal Reserve kicked off its anticipated interest rate cutting cycle earlier in the week. GOVERNMENT BONDS: The benchmark 10-year bond was quoted at 102.34 rupees, with the yield up 1 bps at 6.76% on profit booking.
OVERNIGHT INDEX SWAPS: The one-year overnight index swap rate was flat at 6.39%, while the five-year swap rate declined 1 bp to 5.98%.
CALL MONEY: India's overnight call money rate was at 6.20% and the overnight TREPS rate was at 6.90%. (Reporting by Bhakti Tambe)