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HINDALCO HindalCo Industries News Story

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Snapshot: India stocks, rupee, bonds, swaps, call at 1:00 p.m. IST

MUMBAI, May 20 (Reuters) - STOCKS:

The benchmark BSE Sensex .BSESN was down 0.1% at 75,116, while the broader NSE Nifty 50 .NSEI declined 0.06% to 23,603, paring most of earlier losses led by gains in Oil-to-telecom conglomerate Reliance Industries and aluminium company Hindalco. BO]

RUPEE:

The Indian rupee INR=IN declined 0.36% versus the U.S. dollar to 96.88, as a deadlock in U.S.-Iran peace talks kept oil prices elevated, fuelling worries of a global inflation surge that have ramped up bets on rate hikes, lifting bond yields and weighing on equities. INR/

GOVERNMENT BONDS:

The benchmark 10-year bond IN064835G=CC was quoted at 95.65 rupees, with the yield up 1 bp at 7.1224%, as rising U.S. Treasury yields dimmed the appeal of emerging-market debt and spurred outflows, weighing on the rupee. IN/

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate INR1YMIBROIS=CC was up marginally at 6.27%, while the five-year swap rate INR5YMIBROIS=CC rose 2 bps to 6.86%.

CALL MONEY:

India's overnight call money rate INROND= was at 5.25%, and the overnight TREPS rate INTREPTOT=TCCL was at 5.15%.

(Reporting by Khushi Malhotra)

((khushi.malhotra@thomsonreuters.com))

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