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

Dec 10 (Reuters) -

STOCKS: The benchmark BSE Sensex closed 0.3% lower at 84,391.27, while the broader NSE index declined 0.3% to 25,758, on concerns that the U.S. Federal Reserve may signal a more hawkish 2026 outlook after an expected rate cut later in the day.

RUPEE: The Indian rupee dropped 0.1% versus the U.S. dollar to 89.965, in a session shaped by portfolio flows, likely maturity of positions in the non-deliverable forwards market and caution ahead of the Federal Reserve's policy decision. GOVERNMENT BONDS: The benchmark 10-year bond was quoted at 97.68 rupees, with the yield at 6.6649% as traders continued to trim positions amid supply worries and declining prospects of further domestic interest rate cuts by the Reserve Bank of India.

OVERNIGHT INDEX SWAPS: The one-year overnight index swap rate was down 1 bp at 5.47% and the five-year swap rate also dropped 1 bp to 5.94%.

CALL MONEY: India's overnight call money rate was at 4.85% and the overnight TREPS rate was at 4.90% (Reporting by Ananta Agarwal in Bengaluru)