Rupee rises; emerging markets gain on endless stimulus hopes

Tags: News
The rupee rises to 61.04/05 versus the dollar from its previous day close of 61.215/225, tracking gains in Asian currencies and shares.

A flood of soft economic data sparks hopes of continued stimulus from central banks.

The 50-share Nifty is up 0.4 per cent.

EDITORIAL OF THE DAY

  • Government’s job is to build a transparent and strong policy frame work for the banking system

    As reported by this paper in its Monday edition, government is unlikely to play any role in resolution of issues between banks and borrowers.

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