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Sensex rises; 10-year bonds hit four-week high on easing inflation

Reuters  |  MUMBAI 

MUMBAI (Reuters) - Indian shares rose on Monday, while the benchmark 10-year bond hit its highest in four weeks, after consumer inflation in April eased to its lowest in at least five years, reviving a debate on whether the central bank should cut interest rates.Meanwhile, the rupee rose to 64.0275 per dollar, its strongest since April 27, on expectations of additional foreign portfolio inflows into Indian markets.The rally came after data late on Friday showed consumer prices rose by an annual 2.99 percent, compared with 3.89 percent in March, extending a debate about whether the Reserve ...

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First Published: Mon, May 15 2017. 12:12 IST