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SNAPSHOT-India stocks, rupee, swaps, call at close
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SNAPSHOT-India stocks, rupee, swaps, call at close
Oct 1, 2024 7:17 PM

MUMBAI, Sept 20 (Reuters) - STOCKS:

The benchmark NSE Nifty 50 added 1.48% to 25,790.95 and

the S&P BSE Sensex gained 1.63% to 84,544.31 as an

outsized interest rate cut by the U.S. Federal Reserve earlier

in the week whetted investor risk appetite across global

markets.

RUPEE:

The Indian rupee rose 0.1% versus the U.S. dollar to

83.56, helped by a rally in its Asian peers and likely portfolio

inflows after the Fed kicked off its anticipated interest rate

cutting cycle earlier in the week.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 102.34

rupees, with the yield up 1 bps at 6.7626% as traders booked

profit after the recent sharp fall.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

flat at 6.39%, while the five-year swap rate

declined 1 bp to 5.98%.

CALL MONEY:

India's overnight call money rate was at 6.25% and the

overnight TREPS rate was at 6.90%.

(Reporting by Bhakti Tambe)

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