India stocks, rupee, swaps, call at close

STOCKS:

The benchmark BSE Sensex SENSEX was down 0.21% at 80,543.99, while the broader NSE Nifty 50 index NIFTY declined 0.31% to 24,574.2, dragged by rate-sensitive stocks after the central bank held key rates and maintained a 'neutral' stance.

RUPEE:

The Indian rupee USDINR rose 0.1% versus the U.S. dollar to 87.7325, helped by the central bank's monetary policy decision to hold key rate steady.

GOVERNMENT BONDS:

The benchmark 10-year bond (IN063335G=CC) was quoted at 99.385 rupees, with the yield up over 8 bps at 6.4162%, as traders who anticipated further easing or a dovish tone from the central bank sold debt following its decision to keep rates unchanged.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate (INR1YMIBROIS=CC) and the five-year swap rate (INR5YMIBROIS=CC) rose over 6 bps each to 5.5075% and 5.7025% respectively.

CALL MONEY:

India's overnight call money rate (INROND=) was at 4.95% and the overnight TREPS rate (INTREPTOT=TCCL) was at 5%.