MUMBAI, Aug 20 (Reuters) -

STOCKS:

The benchmark BSE Sensex was up 0.6% to 80,917, while

the broader NSE index was up 0.62% to 24,726, tracking

Asian peers, and led by information technology stocks, on hopes

the U.S. Federal Reserve will start cutting rates from

September.

RUPEE:

The Indian rupee strengthened 0.1% versus the U.S.

dollar, and quoted at 83.76 per dollar as greenback sales from

foreign banks, likely on behalf of custodial clients, aided the

local currency.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 101.71

rupees, with the yield down one basis point at 6.8536%, as

strong demand persisted ahead of the minutes from latest meeting

of Indian and U.S. central banks.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

down one basis point at 6.52% from 6.53% previous close, while

the five-year swap rate was down 2 bps at

6.10% against 6.12% previous close.

CALL MONEY:

India's overnight call money rate was up 10 basis

points at 6.55%. The overnight TREPS rate was

at 6.24%, compared with previous close of 6.15%.

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)