July 28 (Reuters) - STOCKS:

The benchmark BSE Sensex was down 0.09% to 76,765.92,

while the broader NSE Nifty 50 index declined 0.04% to

23,985.35, as a pause in the Middle East strikes ahead of the

U.S. Federal Reserve rate decision gave the markets a breather.

RUPEE:

The Indian rupee rose 0.06% versus the U.S. dollar to

95.8525, closing at its strongest level in two weeks as a sharp

retreat in oil prices and likely central bank intervention

helped the currency cement its bounceback from near record low

levels.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 101.15

rupees, with the yield marginally up at 6.7753%.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

marginally down at 5.885%, while the five-year swap rate

dropped 1 bp to 6.3475%.

CALL MONEY:

India's overnight call money rate was at 5.20% and the

overnight TREPS rate was at 5.40%.

(Reporting by Vijay Malkar in Bengaluru)