India Stocks, Rupee, Bonds, Swap, At Midday (31 MAR)

India Stocks, Rupee, Bonds, Swap, At Midday (31 MAR)

31 Mar 2020 01:04 PM

RUPEE:The Indian rupee stayed higher at 75.43/75.44 to the dollar in Mumbai against 75.61/75.62 in the previous session, as regional risk aversion eased after better-than-expected China manufacturing data and as local equities extended gains.

STOCKS: The benchmark BSE Sensex and the broader NSE index extended gains and were 3.41% and 3.75% higher, respectively, as Asian equities rebounded amid an unexpected advance in China’s factory data. Index heavyweight Reliance Industries, HDFC Bank and ICICI Bank led the gains.

GOVERNMENT BONDS: The benchmark 6.45% bond maturing in 2029 stayed higher at 102.28 rupees, yielding 6.13%, against 101.71 rupees and 6.21% yield at previous close, as the government opened up foreign investment without any cap for some securities that includes the benchmark note, with effect from tomorrow.

INTEREST RATE SWAPS: The one-year swap rate was one basis point lower at 4.26% against 4.27% at previous close, while the benchmark five-year rate was nine bps lower at 4.67% from 4.76% at previous close.