India stocks, rupee, swaps, call at close

By Reuters News

- STOCKS:

The benchmark BSE Sensex .BSESN was down 1.04% at 74,003.82, while the broader NSE Nifty 50 index .NSEI declined 1.19% to 23,118.60, on concerns over elevated oil prices and global bond yields ahead of this week's Federal Reserve meeting, while gains in IT stocks and HDFC Bank limited losses. .BO


RUPEE:

The Indian rupee dropped 0.4% versus the U.S. dollar to 95.9550, its weakest level in more than a month on Tuesday, but held above 96-per-dollar as likely central bank intervention limited losses driven by surging oil prices and growing bets on a U.S. rate hike this week. INR/


GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 99.07 rupees, with the yield rising 5 basis points to 7.0727%, as an oil-fuelled global debt rout, firmer domestic rate-hike wagers and the Reserve Bank of India's planned bond sales battered sentiment. IN/


OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was up over 6 bps at 6.095%, while the five-year swap rate rose nearly 1 bp to 6.655%.


CALL MONEY:

India's overnight call money rate was at 4.80% and the overnight TREPS rate was at 4.26%.

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