India stocks, rupee, swaps, call at 03:30 p.m. IST

STOCKS:

The benchmark BSE Sensex SENSEX rose 169.51 points, or 0.29%, to 59,500.41, while the broader NSE index NIFTY gained 41.75 points, or 0.24%, to 17,646.1, led by gains in financials ahead of the Union budget, while some Adani Group shares also ended higher.

RUPEE:

The Indian rupee USDINR strengthened 0.04% versus the U.S. dollar, and quoted at 81.50 per dollar, as choppiness in equity markets soured mood at the beginning of a week packed with the Union budget and global central bank meetings.

GOVERNMENT BONDS:

Benchmark 10-year bond (IN072632G=CC) was quoted at 99.04 rupees, with yield up 1 bps at 7.4004% vs previous close of 7.3874%, as investors remain cautious ahead of federal budget announcement.

OVERNIGHT INDEXED SWAPS:

The one-year overnight indexed swap rate (INRAMONMI1Y=) was unchanged at 6.70%, while the benchmark five-year swap rate (INRSMONMI5Y=) rose 3 bps to 6.25%.

CALL MONEY/REPOS:

India's overnight call money (INROND=) rate was down 90 bps at 5.55% against 6.45% in the previous session. The overnight TREPS rate (INTREPTOT=TCCL) was at 6.50%, compared with the previous day's weighted average of 6.4264%.