India stocks, rupee, swaps, call at close

STOCKS:

The benchmark BSE Sensex SENSEX fell 168.21 points, or 0.28%, to 60,092.97, while the broader NSE index NIFTY lost 62 points, or 0.35%, to 17,894.6, weighed down by the continued foreign investor selling and higher oil prices, which offset healthy earnings from HDFC Bank.

RUPEE:

The Indian rupee USDINR weakened 0.35% versus the U.S. dollar, and quoted at 81.61 per dollar, tracking a fall in Chinese yuan, with traders citing heavy dollar buying from local state-run banks.

GOVERNMENT BONDS:

Benchmark 10-year bond (IN072632G=CC) was quoted at 99.53 rupees, with yield up 3 bps at 7.3283% vs previous close of 7.3003%, as markets turned nervous about higher borrowing in the next financial year, while elevated oil prices also dampened sentiment.

OVERNIGHT INDEXED SWAPS:

The one-year overnight indexed swap rate (INRAMONMI1Y=) was up 2 bps at 6.62%, while the benchmark five-year swap rate (INRSMONMI5Y=) rose 3 bps to 6.22%.

CALL MONEY/REPOS:

India's overnight call money (INROND=) rate was down 20 bps at 6.00% against 6.20% in the previous session. The overnight TREPS rate (INTREPTOT=TCCL) was at 6.03%, compared with the previous day's weighted average of 6.1314%.