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Sensex, Nifty hit record highs; bonds gain on inflation data


By Arnab Paul(Reuters) - Indian shares surged to a record high on Thursday, with the benchmark BSE index rising above 32,000 for the first time after the consumer inflation rate eased to its lowest in five years, cementing hopes for a cut in interest rates in August.Meanwhile, the most liquid 10-year bond yield fell as much as 4 basis points to 6.42 percent, the lowest since June 22, after data late on Wednesday showed India's annual retail inflation rate eased to 1.54 percent in June, its slowest pace in more than five years. The inflation data is raising hopes the Reserve Bank of India ...

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First Published: Thu, July 13 2017. 12:13 IST