MUMBAI, Aug 1 (Reuters) -

STOCKS:

The benchmark BSE Sensex rose 248.7 points, or 0.3%, to

81,990.04, while the broader NSE index gained 97.7

points, or 0.39%, to 25,048.85, both hitting record highs,

tracking a global rally after U.S. Federal Reserve Chair Jerome

Powell hinted at a possible interest rate cut in September,

while better-than-expected earnings from key constituents also

helped.

RUPEE:

The Indian rupee strengthened 0.04% versus the U.S.

dollar, and quoted at 83.69 per dollar, tracking gains in most

of its Asian peers, after Federal Reserve Chair Jerome Powell

hinted at the possibility of a rate cut in September.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 101.27

rupees, with the yield down 1 bps at 6.9155 after U.S. peers

fell on the Federal Reserve's dovish commentary.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was down 5

bps at 6.60%, while the benchmark five-year swap rate

fell 2 bps to 6.18%.

CALL MONEY/REPOS:

India's overnight call money rate was up 10 bps at

6.55%. The overnight TREPS rate was at 6.38%,

compared with the previous day's weighted average of 6.4074%.