Domestic stocks and emerging Asian FX gain after China posted GDP in line with expectations
Rupee extends rise to 55.38/40 from previous 55.93/94 close. Domestic stocks and emerging Asian FX gain after China posted GDP in line with expectations, easing worries about a sharp slowdown in growth in the continent's largest economy.
The BSE Sensex gains 0.4 percent, recovering after two sessions of falls.
Limited impact seen after an official says India's trade deficit is expected to narrow in the fiscal year ending in March from the $184.9 billion posted in the previous fiscal year.
Even though the final guidelines on priority sector lending (PSL) was released over a fortnight ago, the Reserve Bank today said it is open to ...