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USDINR closed at 61.36 against its open at 61.39
The benchmark BSE Sensex closed 1.9 higher at 27,865.83 while the broader Nifty ended up 1.87 percent at 8,322.20.
The U.S. Fed ended its monthly bond purchase program and signaled confidence the U.S. economic recovery would remain on track despite signs of a slowdown in many parts of the global economy.
Asian shares ticked higher as investors cheered upbeat U.S. growth data, while the Dollar held near four-week highs against the yen as markets awaited the outcome of the Bank of Japan's monetary policy meeting.
The BOJ is widely expected to maintain its massive asset buying programme and its upbeat forecast that inflation will hit its 2 percent target next year, suggesting no further stimulus is on the horizon.
China's government is now weighing new rules to tame this less-regulated, riskier type of lending, while trying to ensure that more money from the shadow banking system is invested in the real economy rather than speculative activities.
The United States and Euro area each account for roughly one-third of global shadow banking, followed by Great Britain with a 12 percent share and Japan's 5 percent.
There is a speculation in the market that Moddy will upgrade its rating for India, which will strengthen the inflows.
In the overseas market, silver tumbled to its lowest since early 2010, as strong U.S. economic data and fears of an early rate hike curbed the metal's appeal.
Markets are tracking soaring Japan shares after the Bank of Japan stunned markets with new easing steps
India’s April-September fiscal deficit at 4388.26 bln rupees
Silver futures hit a four-year low of 35,866 rupees per kg
Japan's Nikkei stock average surges to a seven-year high as the Bank of Japan caught markets flat-footed with its surprise monetary easing decision
The Bank of Japan unexpectedly eased monetary policy on Friday in a 5-4 vote, due to concerns that a decline in oil prices would weigh on consumer prices and delay a shift in sentiment away from deflation
Emerging Market Economies Make Compelling Case
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