Mexico stocks rally on lower oil, steady Fed

Wed Aug 6, 2008 1:41am IST

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MEXICO CITY, Aug 5 (Reuters) - Mexican stocks jumped on Tuesday as lower oil prices and the decision by the U.S. Federal Reserve to leave interest rates steady bolstered hopes for growth in the economy of Mexico's main trading partner.

The benchmark IPC stock index .MXX gained 1.9 percent to 26,990.19 points after dropping to a six-month low on Monday. (Reporting by Michael O'Boyle)

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