SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST

MUMBAI, April 23 (Reuters) -

STOCKS:

The benchmark BSE Sensex .BSESN was up 0.4% to 79,921, while the broader NSE Nifty 50 .NSEI advanced 0.4% to 24,264, on hopes of easing trade tensions after U.S. President Donald Trump said tariffs on Chinese imports would fall significantly following a deal, but not to zero. .BO

RUPEE:

The Indian rupee INR=IN dropped 0.33% versus the U.S. dollar to 85.47, pressured by the dollar index rallying after U.S. President Trump walked back his threat to oust the Federal Reserve Chair and on hopes that U.S.-China trade tensions may ease. INR/

GOVERNMENT BONDS:

The benchmark 10-year bond IN067934G=CC was quoted at 103.23 rupees, with the yield up 1 bp at 6.3301%, as traders booked profit after yield hit 6.30% earlier in the day. IN/

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate INR1YMIBROIS=CC was up 3 basis point at 5.73%, while the five-year swap rate INR5YMIBROIS=CC was up for bps at 5.68%.

CALL MONEY:

India's overnight call money rate INROND= was at 5.90%, and the overnight TREPS rate INTREPTOT=TCCL was at 5.89%.