Indian rupee gains marginally, stocks, bonds unchanged after in-line GDP

30 Nov, 2012

 

The main stock index extended gains to 0.4 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.

Copyright Reuters, 2012

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