SNAPSHOT-India stocks, rupee, swaps, call at close
SPY•Call money and TREPS rates
India's overnight call money rate INROND= was at 5.35% and the overnight TREPS rate INTREPTOT=TCCL was at 5.30%.
Government bonds and swaps
The benchmark 10-year bond IN069436G=CC was quoted at 101.135 rupees, with the yield rising marginally at 6.7774%, as hefty supply of 10-year notes later this week and the looming Federal Reserve policy decision capped risk appetite. IN/
The one-year overnight index swap rate INR1YMIBROIS=CC was marginally down at 5.8825%, while the five-year swap rate INR5YMIBROIS=CC dropped nearly 1 bp to 6.35%.
India stocks close slightly lower
The benchmark BSE Sensex .BSESN was down 0.09% at 76,765.92, while the broader NSE Nifty 50 index .NSEI declined 0.04% to 23,985.35, as a pause in the Middle East strikes ahead of the U.S. Federal Reserve rate decision gave the markets a breather. .BO
Rupee strengthens to two-week high
The Indian rupee INR=IN rose 0.06% versus the U.S. dollar to 95.8525, closing at its strongest level in two weeks as a sharp retreat in oil prices and likely central bank intervention helped the currency cement its bounceback from near record low levels. INR/
