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Sensex provisionally ends down 182.96 points,Nifty ends the week with gains of 1.7 percent
USDINR closed at 60.09 against its open at 60.12.
International Monetary Fund cuts the US 2014 growth forecast to 1.7% which is even more slowly than it predicted a month ago due to the weakness in the first quarter that offsets the expected pick-up in growth in the second half of the year.
Market scales a new high as reform momentum picks up i.e. leading to high FDI limit for insurance sector
Gold was steady at $1,292.74 an ounce after dropping to a one-month low overnight on the improved U.S. and European economic data, though the Gaza and Ukraine tensions limited losses by supporting demand for safe-haven assets.
Finance minister says need higher revenues in 2014/15 to meet budgeted fiscal deficit target of 4.1 pct of GDP.
Finance minister says new tax regime on debt mutual funds will not be applicable for units sold (not purchased) between April 1 and July .
Asian shares pull away from this week's three-year highs after upbeat U.S. employment data underpin sentiment.
India will open up its debt markets to short-term foreign investors in a measured way but wants to first build liquidity through long term foreign investments to withstand potential sharp volatilities.
Cabinet approval for a higher FDI limit in insurance and a rejig in foreign debt limits reinforced optimism about the government's reform agenda.
IMF said the global economy should expand 3.4 percent this year, 0.3 percentage points below what it predicted in April.
Russia dragged down the overall forecasts, as its economy is expected to grow just 0.2 percent this year due to sanctions and other impacts of the Ukraine crisis.
Unrest in the Middle East and Ukraine continued to keep investors alert for any developments that could have a wider impact on risk sentiment and markets.
Fed Chair Janet Yellen said that the Fed could raise rates sooner than initially expected if labour markets continued to improve.
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