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SYDNEY: Australian shares rose 1.71 percent at the open on Monday after weekend reports that the International Monetary Fund could bail out Italy with up to 600 billion euros ($800 billion).
At 10:15 am (2315 GMT) the benchmark S&P/ASX200 index was 68.0 points higher at 4,052.3.
The risk-based Australian dollar also rallied and was trading at 98.30 US cents early in the session, from 96.95 US cents on Friday afternoon.
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