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Rupee gains marginally, Sensex rises after in-line GDP

Source : REUTERS
Last Updated: Fri, Nov 30, 2012 06:35 hrs
A shopkeeper poses for a picture as he counts Indian currency notes at his shop in Jammu

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.



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