April 13 (Reuters) – STOCKS:
The benchmark BSE Sensex was down 0.91% at 76,847.57, while the broader NSE Nifty 50 index declined 0.86% to 23,842.65, tracking losses across Asia as oil surged above $100 a barrel ahead of the U.S. blockade of Iran ports after talks between the countries failed to yield a deal to end the war. [.BO]
RUPEE:
The Indian rupee dropped 0.7% versus the U.S. dollar to 93.38, as oil prices raced past $100 per barrel, while supportive dollar flows for the currency spurred by banks’ unwinding of arbitrage positions dissipated. [INR/]
GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 96.845 rupees, with the yield up about 3 bps at 6.9395%, as U.S.-Iran peace talks over the weekend failed to yield a deal to end the war, driving oil prices higher and triggering a risk-off move across assets in the world’s third-largest crude importer. [IN/]
OVERNIGHT INDEX SWAPS:
The one-year overnight index swap rate was up 2 basis points at 5.84%, while the five-year swap rate rose 5.25 bps to 6.3575%.
CALL MONEY:
India’s overnight call money rate was at 4.75% and the overnight TREPS rate was at 5.1%.
(Reporting by Surbhi Misra in Bengaluru)
