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Indian Stocks, Bonds Reverse Losses as BJP Leads in Key State
Indian Stocks, Bonds Reverse Losses as BJP Leads in Key State
11 Dec 2018, 03:15 PM IST
(Bloomberg) -- Indian shares and bonds reversed steep losses as Prime Minister Narendra Modi’s Bharatiya Janata Party was leading in the key central state of Madhya Pradesh.
The S&P BSE Sensex was up 0.3 percent after falling as much as 1.5 percent. The 10-year bond yield was down 2 basis points to 7.57 percent after rising as much as 12 basis points.
The rupee also pared declines of as much as 1.6 percent against the dollar.
To contact the reporter on this story: Subhadip Sircar in Mumbai at ssircar3@bloomberg.net
To contact the editor responsible for this story: Tan Hwee Ann at hatan@bloomberg.net
©2018 Bloomberg L.P.
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