Asian shares set for 10-month high on Bernanke comments, China

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix\AFP
Asian shares soared, sending the regional benchmark index towards the largest jump in 10 months, s the Federal Reserve Chairman Ben Bernanke announced that the U.S. will maintain bond purchases and amid speculation China will take action to fuel growth. The MSCI Asia Pacific Index climbed 1.8% to 134.90.
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Thu, 11 Jul 2013 11:27:07 GMT

Indian Rupee is poised to appreciate

The Indian Rupee was the worst performing currency last month, but is heading for a rebound on speculations that the fall was too fast and too big. The currency dropped 5.6% since May 31 due to the Fed's comments that it might unwind its stimulus. The weakening Rupee pose problems for the Reserve Bank of India to cut interest rates

Thu, 11 Jul 2013 10:25:05 GMT

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