MUMBAI, Aug 20 (Reuters) - STOCKS:

The benchmark BSE Sensex was up 0.5% at 80,802.86,

while the broader NSE index rose 0.5% to 24,698.85, led

by financials and information technology stocks, as rising

expectations of an aggressive rate cut by the U.S. Federal

Reserve in September boosted sentiment and spurred a global

equities rally.

RUPEE:

The Indian rupee strengthened 0.09% versus the U.S.

dollar, and quoted at 83.7925 per dollar lifted by likely

inflows and a slump in the dollar index that helped Asian

currencies across the board.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 101.69

rupees, with the yield down 1 bps at 6.8561%, as traders awaited

fresh cues, including minutes from the latest meetings of

central banks in India and the United States due this week.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

down one basis point at 6.52% from 6.53% previous close, while

the five-year swap rate was down 2 bps at

6.10% against 6.12% previous close.

CALL MONEY:

India's overnight call money rate was down 25 basis

points at 6.25% against 6.45% previous close. The overnight

TREPS rate was at 5.95%, compared with the

previous close of 6.15%.

(Reporting by Bhakti Tambe)