SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST

MUMBAI, March 23 (Reuters) -

STOCKS: The benchmark BSE Sensex fell 289.31 points, or 0.5%, to 57,925.28, while the broader NSE index lost 80.25 points, or 0.47%, to 17,071.65, after the U.S. Federal Reserve reiterated its fight against inflation with a quarter-point rate hike and the treasury secretary ruled out insuring all banking deposits.

RUPEE: The Indian rupee strengthened 0.48% versus the U.S. dollar, and quoted at 82.2625 per dollar, as investors anticipated that the Federal Reserve was near the end of its rate hiking cycle.

GOVERNMENT BONDS: Benchmark 10-year bond was quoted at 99.45 rupees, with yield down 1 bps at 7.3402%, mirroring their U.S. counterparts, after the Fed raised interest rates by an expected 25 basis points, but signalled it was nearing a pause in further increases.

OVERNIGHT INDEXED SWAPS: The one-year overnight indexed swap rate was down 4 bps at 6.69%, while the benchmark five-year swap rate fell 6 bps to 6.22%.

CALL MONEY/REPOS: India's overnight call money rate was down 70 bps at 6.00% against 6.70% in the previous session. The overnight TREPS rate was at 6.25%, compared with the previous day's weighted average of 6.6477%. (Reporting by Anushka Trivedi)