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June 12 (Reuters) - STOCKS:

The benchmark BSE Sensex .BSESN was up 2.3% to 75,527.95, while the broader NSE Nifty 50 index .NSEI advanced 1.99% to 23,622.9, joining a global market rally, as crude prices slumped on rising hopes of a peace deal between the U.S. and Iran that could lead to a reopening of the Strait of Hormuz. .BO

RUPEE:

The Indian rupee INR=IN rose 0.7% versus the U.S. dollar to 95.11, marking its strongest single-day performance in 10 weeks, as growing expectations of a U.S.-Iran peace agreement sent oil prices sharply lower, triggering an unwind of long dollar positions. INR/

GOVERNMENT BONDS:

The benchmark 10-year bond IN069436G=CC was quoted at 100.305 rupees, with the yield down nearly 3 basis points at 6.8957% buoyed by a sharp drop in crude prices after U.S. President Donald Trump revived hopes of a breakthrough with Iran, though domestic fiscal concerns limited gains. IN/

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate INR1YMIBROIS=CC was down nearly 6 bps at 5.965%, while the five-year swap rate INR5YMIBROIS=CC dropped 9 bps to 6.3375%.

CALL MONEY:

India's overnight call money rate INROND= was at 4.85% and the overnight TREPS rate INTREPTOT=TCCL was at 5.05%