India stocks, rupee, swaps, call at close

STOCKS:

The benchmark BSE Sensex SENSEX rose 20.96 points, or 0.03%, to 62,293.64, while the broader NSE index NIFTY firmed 24.65 points, or 0.13%, with equities struggling to hold on to gains as markets continued to digest dovish signals from the Federal Reserve.

RUPEE:

The Indian rupee USDINR weakened 0.07% to end at 81.6850 per dollar, having traded in a narrow range all day amid tepid risk appetite in Asian currency markets.

GOVERNMENT BONDS:

Benchmark 10-year bond (IN072632G=CC) was quoted at 99.70 rupees, with yield up 5 bps at 7.3012%, as higher-than-expected cut-off on the benchmark bond at the weekly auction disappointed traders, leading to selling pressure towards the end of the session.

OVERNIGHT INDEXED SWAPS:

The one-year overnight indexed swap rate (INRAMONMI1Y=) was up 1 bps at 6.68%, while the benchmark five-year swap rate (INRSMONMI5Y=) rose 3 bps to 6.33%.

CALL MONEY/REPOS:

India's overnight call money (INROND=) rate was down 15 bps at 6.00% against 6.15% in the previous session. The overnight TREPS rate (INTREPTOT=TCCL) was at 5.75%, compared with the previous day's weighted average of 6.1451%.