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SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST

ReutersJan 29, 2025 7:34 AM

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STOCKS:

The broader Nifty 50 .NSEI gained 0.77% to 23,134.90 points, while the benchmark BSE Sensex .BSESN was up 0.7% to 76,432.33, led by information technology and auto stocks, with investors awaiting the U.S. Federal Reserve's comments on interest rates later in the day. .BO

RUPEE:

The Indian rupee INR=IN declined about 0.1% versus the U.S. dollar to 86.5725, on the back of strong dollar bids related to importers' month-end payments, while a decline in the cost of hedging against the domestic currency's decline also weighed. INR/

GOVERNMENT BONDS:

The benchmark 10-year bond IN067934G=CC was quoted at 100.67 rupees, with the yield little changed at 6.69%, as traders awaited the Fed's policy decision and the response to the central bank's liquidity measures for directional cues. IN/

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate INR1YMIBROIS=CC was down one basis points at 6.35%, while the five-year swap rate INR5YMIBROIS=CC declined nearly 2 bps to 6.09%.

CALL MONEY:

India's overnight call money rate INROND= was at 6.45%, and the overnight TREPS rate INTREPTOT=TCCL was at 6.40%.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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