MUMBAI: Asian Development Bank (ADB) reported that India’s economic growth to accelerate to 7.8 percent in fiscal year ending March 31, 2016.
In an irregular trade at the fag-end of the session, the benchmark S&P BSE Sensex gave up initial dominance and even extended its losses for the fifth straight session, declining by 30 points to end at 28,161.72 on lack of any major trigger from overseas markets.
The BSE 30-share barometer resumed better and rallied further to a high of 28,455.32, up by over 263 points on sustained capital inflows on improved performance in the industry and services sectors amid business friendly structural reforms.
Similarly, the 50-issue CNX Nifty of the NSE moved erratically in a range of 8,627.75 and 8,535.85 before ending at 8,542.95, a net fall of 7.95 points
The Indian rupee on Tuesday inched up by a paisa against the American currency to end at 62.26, extending its winning streak to seventh straight session — the longest string of gains since June 2011.
The rupee opened higher at 62.20 per dollar as against Monday’s closing level of 62.27 per dollar at the Interbank Foreign Exchange (Forex) Market.
