India stocks, rupee, swaps, call at close

STOCKS:

The benchmark BSE Sensex SENSEX settled down 0.47% at 82,626.23, while the broader NSE Nifty 50 index NIFTY declined 0.38% to 25,327.05, as financials and IT stocks came under profit-booking, but logged a third straight week of gains after a U.S. rate cut, local tax reductions and optimism over trade talks with Washington.

RUPEE:

The Indian rupee USDINR was largely flat versus the U.S. dollar at 88.09, to cap a week of choppy price action that pulled up the currency to an over two-week high, followed by a retreat to near all-time lows as the dollar and U.S. bond yields rose despite a Federal Reserve rate cut.

GOVERNMENT BONDS:

The benchmark 10-year bond (IN063335G=CC) was quoted at 98.87 rupees, with the yield down 2 bps at 6.4885%

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate (INR1YMIBROIS=CC) was down more than 2 basis points at 5.445%, while the five-year swap rate (INR5YMIBROIS=CC) dropped 1 bps to 5.705%.

CALL MONEY:

India's overnight call money rate (INROND=) was at 5.50% and the overnight TREPS rate (INTREPTOT=TCCL) was at 5.20%.