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MUMBAI, June 12 (Reuters) - STOCKS:

The benchmark BSE Sensex .BSESN was up 0.88% at 74,479, while the broader NSE Nifty 50 index .NSEI declined 0.23% to 23,161.6, tracking gains in other Asian markets, as oil prices fell after U.S. President Donald Trump cancelled plans to strike Iran, citing progress in talks..BO

RUPEE:

The Indian rupee INR=IN rose 0.5% versus the U.S. dollar to 95.2850, buoyed by a retreat in crude prices after U.S. President Donald Trump signalled that a deal with Iran is imminent, a development that could soften a persistent pressure point for the currency. INR/

GOVERNMENT BONDS:

The benchmark 10-year bond IN069436G=CC was quoted at 100.3650 rupees, with the yield down nearly 4 bps at 6.8873%, supported by a decline in oil prices, as concerns over a major escalation in U.S.-Iran tensions eased.IN/

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate INR1YMIBROIS=CC was down 5.25 basis points at 5.97%, while the five-year swap rate INR5YMIBROIS=CC dropped more than 6.75 bps to 6.36%.

CALL MONEY:

India's overnight call money rate INROND= was at 5.00% and the overnight TREPS rate INTREPTOT=TCCL was at 5.17%.