Rupee and India's stocks gain as U.S. is closer to budget deal

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Source: Bloomberg
© Scanpix/RS
India's currency advanced on Tuesday together with local benchmark stock index as U.S. policymakers came closer to a new federal budget deal in order to avoid technical default spurring demand for Indian stocks. The Rupee added 0.1% to 61.4675 per U.S. Dollar at 9:47 a.m. Mumbai time, while the benchmark S&P BSE Sensex Index rose 0.6%.

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