March 20 (Reuters) -

STOCKS:

The benchmark BSE Sensex was up 1.19% at 76,348.06,

while the broader NSE index advanced 1.24% to 23,190.65,

buoyed by the prospect of two rate cuts by the U.S. Federal

Reserve this year amid escalating tariff concerns.

RUPEE:

The Indian rupee rose 0.1% versus the U.S. dollar to

86.3675, as persistent dollar sales by foreign banks and paring

of short bets on the currency helped it weather a stronger

dollar.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 101.025

rupees, with the yield down nearly 2 bps at 6.6426%, tracking

U.S. Treasury yields after the Federal Reserve maintained its

projection of two interest rate cuts in 2025.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

down 2 basis points at 6.0775%, while the five-year swap rate

dropped 5 bps to 5.87%.

CALL MONEY:

India's overnight call money rate was at 5.75%, and

the overnight TREPS rate was at 5.97%.