MUMBAI, Sept 18 (Reuters) -

STOCKS:

The benchmark BSE Sensex was up 0.2% to 82,884, while

the broader NSE Nifty 50 advanced 0.2% to 25,384 after

U.S. Federal Reserve cut interest rates.

RUPEE:

The Indian rupee dropped 0.4% versus the U.S. dollar to

88.14, pressured by a firmer dollar and higher U.S. Treasury

yields after the Federal Reserve's widely expected

25-basis-point cut left investors parsing mixed signals from its

projections and commentary.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 98.68

rupees, with the yield up 4 bps at 6.5157%, after hawkish Fed

commentary and ahead of debt supply.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was up

2 basis points at 5.47%, while the five-year swap rate

rose nearly 5 bps to 5.73%.

CALL MONEY:

India's overnight call money rate was at 5.35%, and

the overnight TREPS rate was at 5.52%