Rupee gains after strong output data

Wed Dec 12, 2012 11:41am IST

An employee counts currency notes at a cash counter inside a bank in Kolkata June 18, 2012. REUTERS/Rupak De Chowdhuri/Files

An employee counts currency notes at a cash counter inside a bank in Kolkata June 18, 2012.

Credit: Reuters/Rupak De Chowdhuri/Files

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Reuters Market Eye - The rupee rises to 54.18/19 after data shows industrial output jumped 8.2 percent in October, well above Reuters forecast for a 4.5 percent rise. The pair was trading at around 54.24/25 before the data.

(Full story here)

Other markets show more muted reaction, given output data is known for its volatility. Investors also waiting to see the monthly inflation data due on Friday.

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