Rupee gains marginally, Sensex rises after in-line GDP
MUMBAI (Reuters) - The rupee rose marginally, while stocks were broadly unchanged after the September quarter economic growth came in line with market estimates.
The Sensex extended gains to 0.5 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
Trending On Reuters
The BSE Sensex and Nifty fell more than 2 percent on Thursday to a more than 10-week low on worries foreign investors, whose ownership of domestic shares have hit a record, may trim positions on risk aversion after Saudi Arabia launched air strikes in Yemen. Full Article