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USDINR opened at 61.68 against its friday's close at 61.76.
Sensex opens up more than 100 points with 24 components in the green. Sensex hits fresh record high of 28,479.66.
Parliament convenes today for a month-long session in which the government is expected to push key reforms.
India will spend 253 billion rupees to tackle rampant theft of electricity by rolling out metering in cities and upgrading old distribution networks.
The U.S. is to release a string of economic reports on Wednesday due to Thursday’s Thanksgiving holiday, including a look at unemployment claims and durable goods orders.
Investors hope foreign investment in insurance, GST, labour and land reforms would be taken up.
Foreign investors bought Indian shares worth 1.22 billion Rupees.
In global economic news, China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt.
Japan’s finance minister voiced concerns over the weaker Yen amid concerns over its impact on plans to revive growth.
Gold prices gained in early Asia with the focus on a weak Yen and signals from Beijing on measures to boost the economy.
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