MUMBAI, Sept 19 (Reuters) -

STOCKS:

The benchmark BSE Sensex was up 0.4% to 83,275, while

the broader NSE index advanced 0.2% to 25,436, after

hitting record highs earlier in the day as the U.S. Federal

Reserve started its monetary easing cycle with a large

50-basis-point rate cut.

RUPEE:

The Indian rupee rose 0.2% versus the U.S. dollar to

83.59 as the Fed kicked off policy easing with a 50-basis-point

rate cut, but traders expect importer dollar bids to limit the

currency's immediate gains.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 102.50

rupees, with the yield hitting lowest level in 31 months and

down 4 bp at 6.74%, as traders resumed bond purchases in the

wake of a bumper rate cut from the U.S. central bank.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

down 2 basis points 6.37%, while the five-year swap rate

was marginally lower at 5.9625%.

CALL MONEY:

India's overnight call money rate was at 6.70%, up 10

basis points and the overnight TREPS rate was

at 6.61%.