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

MUMBAI, Sept 20 (Reuters) -

STOCKS: The benchmark BSE Sensex was up 1.5% to 84420, while the broader NSE index also advanced 1.4% to 25774, with both the indices hitting record highs, as an outsized interest rate reduction by the U.S. Federal Reserve and the anticipation of a soft landing boosted risk appetite.

RUPEE: The Indian rupee rose 0.2% versus the U.S. dollar to 83.53, and climbed above 83.50 per U.S. dollar for the first time since late July, boosted by dollar sales by foreign banks and a rise in most of its Asian peers. GOVERNMENT BONDS: The benchmark 10-year bond was quoted at 102.42 rupees, with the yield down 1 bp at 6.75%, as sentiment remained positive after large rate cut from Fed, while traders await debt auction result.

OVERNIGHT INDEX SWAPS: The one-year overnight index swap rate was flat at 6.39%, while the five-year swap rate declined 1 bp to 5.98%.

CALL MONEY: India's overnight call money rate was at 6.70%, up 10 basis points and the overnight TREPS rate was at 6.56%. (Reporting by Dharamraj Dhutia)