MUMBAI, March 7 (Reuters) - STOCKS:

The benchmark BSE Sensex rose 33.4 points, or 0.05%, to

74,119.39, while the broader NSE index gained 19.5

points, or 0.09%, to 22,493.55, led by financials, while U.S.

Federal Reserve Chair's rate cut assurance supported

sentiment.

RUPEE:

The Indian rupee strengthened 0.04% versus the U.S.

dollar, and quoted at 82.68, after hitting its highest level in

six months earlier in the session, as likely intervention from

the central bank limited the currency's rise.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 101.01

rupees, with the yield down 2 bps at 7.0312%, as U.S. yields

declined further after commentary from Federal Reserve Chair

Jerome Powell, while investors awaited the key U.S. jobs data.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was down 2

bps at 6.67%, while the benchmark five-year swap rate

fell 5 bps to 6.24%.

CALL MONEY/REPOS:

India's overnight call money rate was up 30 bps at

6.70%. The overnight TREPS rate was at 6.50%,

compared with the previous day's weighted average of 6.3534%.

(Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala)