MUMBAI, Oct 31 (Reuters) - STOCKS:

The benchmark BSE Sensex was down 0.27% at 84,177,

while the broader NSE Nifty 50 fell 0.34% to 25,788, on

course for a second day of losses on profit booking after U.S.

Federal Reserve casts doubt over a December rate cut and as

heavyweights HDFC Bank and ICICI Bank took a hit after SEBI's

circular circular on implementation of eligibility criteria.

RUPEE:

The Indian rupee inched lower versus the U.S. dollar at

88.7525, with traders pointing two-sided corporate flows and

comfort from gains in Asian currencies.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 98.2175

rupees, with the yield down 1 bp at 6.5852%, as traders stayed

cautious ahead of the weekly debt auction, following a sharp

sell-off the previous day on hawkish comments from the U.S.

Federal Reserve.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

nearly flat at 5.48%, while the five-year swap rate

was up 1 bp at 5.695%.

CALL MONEY:

India's overnight call money rate was at 4.95%, and

the overnight TREPS rate was at 5.75%