Indian rupee gains marginally, stocks, bonds unchanged after in-line GDP
MUMBAI Nov 30 (Reuters) - The Indian rupee rose marginally, while federal bonds and stocks were broadly unchanged after the September quarter economic growth came in line with market estimates.
The main stock index extended gains to 0.4 percent from 0.3 percent before the data release.
The rupee was at 54.54/56 to the dollar against 54.61/64 previously.
The 10-year bond yield was at 8.17 percent, unchanged after the data. It was down 4 basis points after the central bank announced open market operations.
India's economy grew at a lower-than-expected 5.3 percent in the quarter ending in September, against analysts' forecast of 5.4 percent, government data showed on Friday. (Reporting by Subhadip Sircar; Editing by Prateek Chatterjee)
- Tweet this
- Share this
- Digg this
- UPDATE 3-Pizza chain Sbarro files for bankruptcy protection
- Rupee hits 7-month high as custodian banks sell dollars
- U.S. top court declines to hear 'I (heart sign) boobies' case
- Ten countries scour sea for Malaysia jet lost in "unprecedented mystery"
- Evidence so far does not point to attack on Malaysian plane - sources
The BSE Sensex ended up slightly on Monday after rising to a record high for a third consecutive session as strong foreign buying continued to boost domestic-focused shares such as those of HDFC Bank, but momentum waned as exporters slumped on a stronger currency. Full Article