SNAPSHOT-India stocks, rupee, bonds, swaps, call at 10:00 a.m. IST
MUMBAI, April 8 (Reuters) - STOCKS:
The benchmark BSE Sensex .BSESN rose 3.6% to 77,300, while the broader NSE Nifty 50 index .NSEI advanced 3.44% to 23,919, tracking a global rally as crude oil prices fell sharply after U.S. President Donald Trump agreed to a two-week ceasefire with Iran. .BO
RUPEE:
The Indian rupee INR=IN rose 0.53% versus the U.S. dollar to 92.5150, while forward premiums extended their slide and volatility expectations fell on the back of a plunge in oil prices and upbeat risk appetite following the Middle East ceasefire. INR/
GOVERNMENT BONDS:
The benchmark 10-year bond IN064835G=CC was quoted at 97.14 rupees, with the yield down 6 bps at 6.8955%, as oil prices plunged after the U.S. agreed to a two-week Iran ceasefire, calming fears of an immediate escalation in the war, and resulting in bullish momentum before the central bank policy. IN/
OVERNIGHT INDEX SWAPS:
The one-year overnight index swap rate INR1YMIBROIS=CC was down 24.75 basis points at 5.9025%, while the five-year swap rate INR5YMIBROIS=CC dropped 26.75 bps to 6.39%.
CALL MONEY:
India's overnight call money rate INROND= was at about 5.10% and the overnight TREPS rate INTREPTOT=TCCL was at 4.90%.
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