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SNAPSHOT-India stocks, rupee, swaps, call at close

ReutersApr 7, 2025 11:34 AM

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STOCKS:

The benchmark BSE Sensex .BSESN was down 2.9% to 73,137.90, while the broader NSE index .NSEI declined 3.2% to 22,161.60, as the Trump administration's tariff onslaught continued to send global markets into a tailspin. .BO

RUPEE:

The Indian rupee INR=IN closed at 85.8350 versus the U.S. dropping 0.7%, as concerns over U.S. President Donald Trump's sweeping tariff plans jolted global financial markets, dragging Asian currencies and stocks lower. INR/

GOVERNMENT BONDS:

The benchmark 10-year bond IN071034G=CC was quoted at 102.1475 rupees, with the yield up 2 basis points at 6.4836%, as prices were pressured by a sell-off across Indian assets amid widening global trade tensions and profit-booking after last week's plunge in yields. IN/

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate INR1YMIBROIS=CC was flat at 5.895%, while the five-year swap rate INR5YMIBROIS=CC rose 3 bps to 5.765%.

CALL MONEY:

India's overnight call money rate INROND= was at 5.85% and the overnight TREPS rate INTREPTOT=TCCL was at 5.95%.

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