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Nifty hits record, rupee hits 17-month high

Reuters  |  MUMBAI 

(Reuters) - The hit a record high while the rose to its strongest level in nearly 17-months on Thursday after the U.S. Federal Reserve raised as expected but signalled no pick-up in the pace of tightening.

The rose as much as 0.64 percent to a record high of 9,143 points, and was up 0.59 percent as of 0350 GMT. The benchmark BSE was up 0.55 percent.

The partially convertible hit as much as 65.2250 per dollar, its strongest since Oct. 30, 2015. It was last trading at 65.32/33 compared to its 65.71/72 close.

Meanwhile the benchmark 10-year bond yield fell 4 basis points to 6.79 percent.

(Reporting by Swati Bhat; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Nifty hits record, rupee hits 17-month high

MUMBAI (Reuters) - The NSE Nifty hit a record high while the rupee rose to its strongest level in nearly 17-months on Thursday after the U.S. Federal Reserve raised interest rates as expected but signalled no pick-up in the pace of tightening.

(Reuters) - The hit a record high while the rose to its strongest level in nearly 17-months on Thursday after the U.S. Federal Reserve raised as expected but signalled no pick-up in the pace of tightening.

The rose as much as 0.64 percent to a record high of 9,143 points, and was up 0.59 percent as of 0350 GMT. The benchmark BSE was up 0.55 percent.

The partially convertible hit as much as 65.2250 per dollar, its strongest since Oct. 30, 2015. It was last trading at 65.32/33 compared to its 65.71/72 close.

Meanwhile the benchmark 10-year bond yield fell 4 basis points to 6.79 percent.

(Reporting by Swati Bhat; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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Nifty hits record, rupee hits 17-month high

(Reuters) - The hit a record high while the rose to its strongest level in nearly 17-months on Thursday after the U.S. Federal Reserve raised as expected but signalled no pick-up in the pace of tightening.

The rose as much as 0.64 percent to a record high of 9,143 points, and was up 0.59 percent as of 0350 GMT. The benchmark BSE was up 0.55 percent.

The partially convertible hit as much as 65.2250 per dollar, its strongest since Oct. 30, 2015. It was last trading at 65.32/33 compared to its 65.71/72 close.

Meanwhile the benchmark 10-year bond yield fell 4 basis points to 6.79 percent.

(Reporting by Swati Bhat; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22