India Rupee, Stocks, Bonds, Swaps (23-Feb)

India Rupee, Stocks, Bonds, Swaps (23-Feb)

23 Feb 2021 10:38 AM

RUPEE: Indian rupee was trading higher at 72.33/72.34 compared to 72.5050/72.5150 in the previous session, tracking Dollar weakness ahead of the Federal Reserve Chair Jerome Powell’s testimony.

STOCKS: The benchmark BSE Sensex rose 0.74% and the NSE index was up 0.82%, tracking Asian peers and U.S. futures. Reliance Industries, Larsen & Toubro and ICICI Bank were among the toper gainers.

GOVERNMENT BONDS: The benchmark 5.85% bond maturing in 2030 was trading higher at 97.59 rupees, yielding 6.18%, compared to 97.44 rupees, yielding 6.20% yield at previous close, on value buying from investors, while market anticipates a sale of state papers.

INTEREST RATE SWAPS: The one-year swap rate was at 3.80%, five basis points lower compared to 3.85% in the previous session, while the benchmark five-year swap rate fell six basis points to 5.28% from 5.34% at previous close.