Sept 18 (Reuters) -
STOCKS:
The benchmark BSE Sensex .BSESN settled 0.39% higher at 83,013.96 and the broader NSE Nifty 50 index .NSEI advanced 0.37% to 25,423.6, led by IT and pharmaceutical shares after the U.S. Federal Reserve delivered a quarter point rate cut and on signs of easing trade tensions. .BO
RUPEE:
The Indian rupee INR=IN dropped 0.4% versus the U.S. dollar to 88.1275, as investors digested the U.S. Federal Reserve's widely anticipated interest rate cut and its measured stance on further easing of benchmark borrowing costs. INR/
GOVERNMENT BONDS:
The benchmark 10-year bond IN063335G=CC was quoted at 98.69 rupees, with the yield up 4 bps at 6.5139%, after hawkish Fed commentary and ahead of debt supply. IN/
OVERNIGHT INDEX SWAPS:
The one-year overnight index swap rate INR1YMIBROIS=CC was up about 2 basis points at 5.47%, while the five-year swap rate INR5YMIBROIS=CC rose 3 bps to 5.7175%.
CALL MONEY:
India's overnight call money rate INROND= was at 5.05% and the overnight TREPS rate INTREPTOT=TCCL was at 5.3%.