MUMBAI, Sept 20 (Reuters) -

STOCKS:

The benchmark BSE Sensex was up 1.5% to 84420, while

the broader NSE index also advanced 1.4% to 25774, with

both the indices hitting record highs, as an outsized interest

rate reduction by the U.S. Federal Reserve and the anticipation

of a soft landing boosted risk appetite.

RUPEE:

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

83.53, and climbed above 83.50 per U.S. dollar for the first

time since late July, boosted by dollar sales by foreign banks

and a rise in most of its Asian peers.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 102.42

rupees, with the yield down 1 bp at 6.75%, as sentiment remained

positive after large rate cut from Fed, while traders await debt

auction result.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

flat at 6.39%, while the five-year swap rate

declined 1 bp to 5.98%.

CALL MONEY:

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

basis points and the overnight TREPS rate was

at 6.56%.