SNAPSHOT-India stocks, rupee, swaps, call at close
June 18 (Reuters) -
STOCKS:
The benchmark BSE Sensex .BSESN was down 0.17% at 81,444.66, while the broader NSE Nifty 50 index .NSEI declined 0.17% to 24,812.05 as escalating hostilities in the Middle East dampened investor sentiment ahead of the U.S. Federal Reserve's monetary policy decision. .BO
RUPEE:
The Indian rupee INR=IN dropped 0.28% versus the U.S. dollar to 86.4775, on the back of persistent corporate hedging activity and elevated oil prices as market participants continued to fret over escalating hostilities in the Middle East. INR/
GOVERNMENT BONDS:
The benchmark 10-year bond IN063335G=CC was quoted at 100.4975 rupees, with the yield little changed at 6.2615% while market participants closely tracked oil prices, which have witnessed a spike due to the recent escalation in the Israel-Iran conflict. IN/
OVERNIGHT INDEX SWAPS:
The one-year overnight index swap rate INR1YMIBROIS=CC was maginally down at 5.48%, while the five-year swap rate INR5YMIBROIS=CC dropped 1 bp to 5.68%.
CALL MONEY:
India's overnight call money rate INROND= was at 5.10% and the overnight TREPS rate INTREPTOT=TCCL was at 5.17%.
Related Articles
Why Are So Many Stablecoins Failing? How Should Investors Choose the Right Stablecoin?
While stablecoins are considered safe assets in crypto, they still facereserve risks, algorithmic failures, and regulatory challenges. Investors should prioritize transparent, compliant, and highly liquid stablecoins, diversify holdings, and avoid relying on a single stablecoin to mitigate risks.
Circle Rallies 34% on GENIUS Act Tailwinds — What’s Next for Stablecoin Investors?
TradingKey - In a major milestone for crypto regulation, the U.S. Senate on Tuesday passed the GENIUS Act — a landmark bill that lays the groundwork for federal oversight of U.S. dollar-pegged stablecoins.
June FOMC meeting: Fed Holds Steady Amid Crosscurrents, Why Inaction May Be the Best Policy for Now
TradingKey - On June 18, the Federal Reserve released the June FOMC statement as scheduled, maintaining the benchmark interest rate at 4.25%–4.50%, in line with market expectations. After Powell's speech, the market quickly digested. The latest dot plot shows that the probability of the Federal...
[IN-DEPTH ANALYSIS] Australia: Under the Influence of Domestic and International Factors, AUD/USD Remains Bullish in the Short Term
Following the AUD/USD exchange rate increase in April and May this year, we believe there remains upside potential for the currency pair in the short term (0-3 months).
