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

ReutersFeb 10, 2025 7:36 AM

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STOCKS:

The benchmark BSE Sensex .BSESN was down 0.9% at 77,193, while the broader NSE Nifty 50 .NSEI declined 0.9% to 23354, after President Donald Trump said he would impose new tariffs on all steel and aluminium imports into the U.S., in addition to further reciprocal tariffs. .BO

RUPEE:

The Indian rupee INR=IN was down 0.2% at 87.59 per U.S. dollar, after plummeting to record lows earlier, as the risk of fresh U.S. trade tariffs spurred losses in most regional currencies, with the Reserve Bank of India likely stepping in to support the local unit, traders said. INR/

GOVERNMENT BONDS:

The benchmark 10-year bond IN067934G=CC was quoted at 100.52 rupees, with the yield up marginally at 6.7142%, as traders remain cautious after the central bank's policy decision. IN/

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate INR1YMIBROIS=CC was up 2 basis points at 6.37%, while the five-year swap rate INR5YMIBROIS=CC rose nearly 4 bps to 6.15%.

CALL MONEY:

India's overnight call money rate INROND= was at 6.20%, and the overnight TREPS rate INTREPTOT=TCCL was at 6.32%.

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