NEW YORK U.S. stocks opened higher on Friday as strong upward revisions to job creation estimates for December and November offset a slight disappointment in the January payroll report.
The Dow Jones industrial average rose 98.56 points or 0.71 percent, to 13,959.14, the S&P 500 gained 8.98 points or 0.6 percent, to 1,507.09 and the Nasdaq Composite added 21.41 points or 0.68 percent, to 3,163.54. (Reporting by Rodrigo Campos; Editing by Bernadette Baum)
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Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article