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SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST
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SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST
Jan 28, 2025 11:54 PM

MUMBAI, Jan 29 (Reuters) -

STOCKS:

The broader Nifty 50 gained 0.77% to 23,134.90 points,

while the benchmark BSE Sensex was up 0.7% to

76,432.33, led by information technology and auto stocks, with

investors awaiting the U.S. Federal Reserve's comments on

interest rates later in the day.

RUPEE:

The Indian rupee declined about 0.1% versus the U.S.

dollar to 86.5725, on the back of strong dollar bids related to

importers' month-end payments, while a decline in the cost of

hedging against the domestic currency's decline also weighed.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 100.67

rupees, with the yield little changed at 6.69%, as traders

awaited the Fed's policy decision and the response to the

central bank's liquidity measures for directional cues.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

down one basis points at 6.35%, while the five-year swap rate

declined nearly 2 bps to 6.09%.

CALL MONEY:

India's overnight call money rate was at 6.45%, and

the overnight TREPS rate was at 6.40%.

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