SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST

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- STOCKS:

The benchmark BSE Sensex .BSESN was down 1.7% to 76,015.28, while the broader NSE Nifty 50 index .NSEI declined 1.49% to 23,815.85, after Prime Minister Narendra Modi urged a ‌spate of measures, including fuel conservation, fewer imports and gold purchases, as surging energy ​prices pressure foreign exchange ​reserves. .BO

RUPEE:

The Indian rupee INR=IN dropped 0.88% versus the U.S. dollar to 95.31, as heavy dollar demand from importers alongside a fresh run-up in oil prices battered the currency after U.S. President Donald Trump rejected Iran's response to a U.S. peace proposal. INR/

GOVERNMENT BONDS:

The benchmark 10-year bond IN064835G=CC was quoted at 96.225 rupees, with the yield up 5 bps at 7.0344%. IN/

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate INR1YMIBROIS=CC was up 6 basis points at 5.955%, while the five-year swap rate INR5YMIBROIS=CC rose 5 bps to 6.61%.

CALL MONEY:

India's overnight call money rate INROND= was at 5.2% and the overnight TREPS rate INTREPTOT=TCCL was at 5.09%.