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Sensex rebounds as lenders gain


By Jessica Kuruthukulangara(Reuters) - Indian shares bounced back after two days of losses on Thursday, led by lenders such as State Bank of India on expectations that the government would soon reveal details of a recapitalisation plan.Reserve Bank of India Governor Urjit Patel said on Wednesday the government would "in coming days" detail how it plans to inject an announced $32 billion into state-run lenders, which was announced in October. Meanwhile, an RBI order mandating banks to lower the merchant discount rate they charge on debit cards did not affect sentiment. However, broader gains ...

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First Published: Thu, December 07 2017. 12:45 IST