IIS 7 custom permalinks not working correctly

We are running WordPress on a IIS 7 server. I have installed Re-Write Module 2.0 application on the IIS 7.

In the Permalinks “Custom Structure” we are using “/%category%/%postname%/”.
I have inserted the following rules in the Web.config file in the wordpress folder, but only the template for main blog page loads. When I try to click on links and post a “Not Found” message shows in browser tab and the only the main template shows.

I have also unistalled and reinstalled the Re-Write module after the changes.

Any suggestions/help would be appreciated.

<rewrite>
<rules>
<rule name=”Main Rule” stopProcessing=”true”>
<match url=”.*” />
<conditions logicalGrouping=”MatchAll”>
<add input=”{REQUEST_FILENAME}” matchType=”IsFile” negate=”true” />
<add input=”{REQUEST_FILENAME}” matchType=”IsDirectory” negate=”true” />
</conditions>
<action type=”Rewrite” url=”index.php” />
</rule>
</rules>
</rewrite>