MUMBAI, March 21 (Reuters) - STOCKS:

The benchmark BSE Sensex rose 539.5 points, or 0.75%,

to 72,641.19, while the broader NSE index gained 172.85

points, or 0.79%, to 22,011.95 after the U.S. Federal Reserve

maintained its projection of three rate cuts this year.

RUPEE:

The Indian rupee was flat versus the U.S. dollar, and

quoted at 83.13 per dollar as local dollar demand ate into the

currency's early gains.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 100.89

rupees, with the yield down 4 bps at 7.0477% tracking a fall in

U.S. yields.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was down 5

bps at 6.68%, while the benchmark five-year swap rate

fell 4 bps to 6.33%.

CALL MONEY/REPOS:

India's overnight call money rate was up 20 bps at

6.65%. The overnight TREPS rate was at 6.79%,

compared with the previous day's weighted average of 6.4947%.

(Reporting by Bhakti Tambe)