MUMBAI (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 1.46%, while the broader NSE index declined 1.40% after the U.S. Federal Reserve Chair Jerome Powell signalled the central bank will keep policy rates higher for longer. [.BO]
RUPEE:
The Indian rupee closed at 79.9625 versus the U.S. dollar, compared with 79.8650 in the previous session, as Treasury yields rose following Powell's comments. [INR/]
GOVERNMENT BONDS:
Benchmark 10-year bond closed at 95.20 rupees, with yield up 4 bps at 7.2534%; (vs previous close of 7.2173%, tracking U.S. Treasury yields, on fears of prolonged U.S. rate hikes.[IN/]
OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 10 bps at 6.37%, while the benchmark five-year swap rate rose 11 bps to 6.52%.
CALL MONEY/REPOS:
India's overnight call money rate was up 10 bps at 5.30% against 5.20% in the previous session. The overnight TREPS rate was at 5.24%, compared with the previous day's weighted average of 5.2827%.
(Reporting by Nimesh Vora)
