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Rupee gains marginally, Sensex rises after in-line GDP
November 30, 2012 / 5:52 AM / in 5 years

Rupee gains marginally, Sensex rises after in-line GDP

A man deposits his money in a bank in Amritsar April 19, 2010. REUTERS/Yasir Iqbal/Files

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

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