Arab Today, arab today sensex hits 6month high rupee rises
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Sensex hits 6-month high; rupee rises

Arab Today, arab today

Arab Today, arab today Sensex hits 6-month high; rupee rises

New Delhi - Arabstoday

Indian stocks rose to the highest level in more than six months yesterday on speculation the central bank will cut interest rates next week and as a German court cleared the way for a permanent euro-area rescue fund. The BSE India Sensitive Index, or Sensex, increased 0.8% to 18,000.03, the highest close since February 23. The gauge climbed 4% in past six days, the longest streak since January. Data yesterday showed Indian industrial output grew 0.1% in July, less than the 0.5% increase estimated by economists in a Bloomberg survey. Germany’s Federal Constitutional Court rejected today bids to halt the nation’s ratification of the €500bn ($644bn) European Stability Mechanism. Indian commerce ministry data show that the European Union is the nation’s largest trading partner. “The government may pressure the Reserve Bank of India to reduce interest rates in view of the slump in production,” RK Gupta, managing director of Taurus Asset Management Ltd, which has $672mn in assets, said by phone from New Delhi yesterday. The rupee rose to a three-week high after a German court allowed ratification of a bailout fund and on speculation the Federal Reserve will announce more bond purchases to spur economic growth. The currency advanced 0.2% to 55.2300 per dollar in Mumbai, according to data compiled by Bloomberg. It touched 55.1475 earlier, the highest level since August 23. The rupee has gained 0.4% over the past two days as the Dollar Index, which tracks the greenback against six major trading partners, dropped 0.9%. The currency strengthened for a second day as exchange data showed foreign funds added $232mn to their Indian share holdings. It briefly pared gains after a government report showed factory output grew 0.1% in July from a year earlier, falling short of the median forecast of economists in a Bloomberg survey for a 0.5% gain. From gulf times.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sensex hits 6month high rupee rises Arab Today, arab today sensex hits 6month high rupee rises

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sensex hits 6month high rupee rises Arab Today, arab today sensex hits 6month high rupee rises

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday