India stocks, rupee, swaps, call at 01:00 p.m. IST

STOCKS:

The benchmark BSE Sensex SENSEX rose 220.88 points, or 0.37%, to 60,178.91, while the broader NSE index NIFTY was up 26.9 points, or 0.15%, to 17,885.1, on upbeat risk appetite following the benign U.S. inflation print.

RUPEE:

The Indian rupee USDINR strengthened 0.17% versus the U.S. dollar, and quoted at 81.43 per dollar on increased likelihood that the Federal Reserve will opt for a smaller rate hike at the next meeting.

GOVERNMENT BONDS:

Benchmark 10-year bond (IN072632G=CC) was quoted at 99.86 rupees, with yield down 1 bps at 7.2790% with traders awaiting the debt auction results.

OVERNIGHT INDEXED SWAPS:

The one-year overnight indexed swap rate (INRAMONMI1Y=) was down 3 bps at 6.56%, while the benchmark five-year swap rate (INRSMONMI5Y=) fell 7 bps to 6.17%.

CALL MONEY/REPOS:

India's overnight call money (INROND=) rate was unchanged at 6.05% against 6.05% in the previous session. The overnight TREPS rate (INTREPTOT=TCCL) was at 6.14%, compared with the previous day's weighted average of 5.9694%.