‘Status quoist’ policy pushes Sensex up 24 pts

Update: 2015-12-02 22:32 GMT
The BSE Sensex advanced for the fourth straight day on Tuesday as it closed 24 points higher at over a three-week high of 26,169.41 after RBI kept the door open for future rate cuts at its policy review and GDP quickened. While leaving the key repo rate steady at 6.75 per cent, Governor Raghuram Rajan on Tuesday said he is open to easing rates as and when room is available, saying inflation is likely to come in better than expected. Data showed Indian economy grew faster than China at 7.4 per cent in the July-September quarter, from 7 per cent in the preceding one, which gave investors much cheer. The BSE Sensex started on a positive note and rose further before settling higher by 23.74 points, or 0.09 per cent at 26,169.41, a level last seen November 6.

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