November 30, 2012 / 5:52 AM / in 5 years

Rupee gains marginally, Sensex rises after in-line GDP

MUMBAI (Reuters) - The rupee rose marginally, while stocks were broadly unchanged after the September quarter economic growth came in line with market estimates.

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

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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