SNAPSHOT-India stocks, rupee, swaps, call at close
Sept 15 (Reuters) -
STOCKS:
The benchmark BSE Sensex .BSESN closed down 0.15% at 81,785.74, while the broader NSE Nifty 50 .NSEI declined 0.18% to 25,069.2 as investors traded cautiously ahead of the U.S. Federal Reserve's policy decision later this week. .BO
RUPEE:
The rupee INR=IN ended little changed at 88.21 per U.S. dollar as the boost from a broadly weaker greenback was blunted by persistent hedging demand from importers and lacklustre foreign portfolio flows curbed gains in the local currency. INR/
GOVERNMENT BONDS:
The benchmark 10-year bond IN063335G=CC was quoted at 98.8125 rupees, with the yield up about 1 bp at 6.4963%, as traders awaited the Federal Reserve's policy decision. IN/
OVERNIGHT INDEX SWAPS:
The one-year overnight index swap rate INR1YMIBROIS=CC was flat at 5.475%, while the five-year swap rate INR5YMIBROIS=CC rose 1 bp to 5.71%.
CALL MONEY:
India's overnight call money rate INROND= was at 5.2% and the overnight TREPS rate INTREPTOT=TCCL was at 5.1%.
Related Articles
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
Duolingo (DUOL): Can the Green Bird Fly High Again
TradingKey - Duolingo is a great business, despite the stock price being down nearly 50% from its peak less than four months ago. However, the question is whether it’s worth buying it at a market cap of $12.5 billion. The answer is “not yet” because the traffic, even though healthy...
U.S. September Rate Decision Preview: What It Means for Bitcoin and Could It Spark a New Rally?
Bitcoin’s rally stalls ahead of the Fed meeting — has the bullish momentum already been priced in?
UK July GDP Commentary: Can GBP Break Through Its Current Fluctuation?
After considering multiple factors, given the evident weakness on both sides of this currency pair, we expect the GBP/USD exchange rate to maintain its current fluctuation trend in the short term.
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.
