India stocks, rupee, swaps, call at 0430 GMT

STOCKS

The benchmark BSE Sensex SENSEX rose 355.8 points, or 0.6%, to 59,441.23, while the broader NSE index NIFTY gained 100.65 points, or 0.57%, to 17,705.6, tracking an overnight rebound in U.S. equities. The S&P 500 Index on Wednesday halted a three-day losing streak.

RUPEE

The Indian rupee was trading at 79.8250 to the U.S. dollar, little changed from 79.8075 in the previous session, amid higher oil prices and better risk appetite.

GOVERNMENT BONDS:

Benchmark 10-year bonds (IN065432G=CC) were quoted at 94.90 rupees, with yields up 1 bps at 7.2982% vs the previous close of 7.2858%, as the 10-year Treasury yield rose to an eight-week high.

OVERNIGHT INDEXED SWAPS:

The one-year overnight indexed swap rate (INRAMONMI1Y=) was up 3 bps at 6.25%, while the benchmark five-year swap rate (INRSMONMI5Y=) rose 4 bps to 6.42%.

CALL MONEY/REPOS:

India's overnight call money (INROND=) rate was up 5 bps at 5.25% against 5.20% in the previous session. The overnight TREPS rate (INTREPTOT=TCCL) was at 5.16%, compared with the previous day's weighted average of 5.1826%.