Rupee gains after strong output data
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.
- Tweet this
- Share this
- Digg this
U.S. President Barack Obama and new Indian Prime Minister Narendra Modi vowed on Monday to expand and deepen their countries' strategic partnership and make it a model for the rest of the world. Full Article | Full Coverage
China final HSBC PMI steady in September on stronger global demand but risks remain Full Article