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USDINR closed at 61.84 against its open at 61.84.
The BSE Sensex gained 0.17 percent to 28,386.19, while the broader Nifty closed 0.15 percent higher at 8,475.75.
Official GDP data for the second quarter of the current fiscal year ending March is due for release this Friday.
India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter
The U.S. and India held their first round of formal trade talks in four years on Tuesday.
Traders are bracing for more volatility in sessions ahead of the release on Friday of growth data for July-September and the RBI's policy review on Dec. 2
Mainland Chinese shares hit fresh three-year highs, helped by last Friday's rate cuts from the People's Bank of China.
Crude oil extended losses after a meeting of Saudi Arabia and three other nations ahead of Thursday's closely-watched OPEC summit ended with no deal to curb crude output.
Worries parliament would delay an insurance bill and new rules for offshore derivatives weigh
Worries the parliament would delay an insurance bill and new rules for offshore derivatives also weigh.
Data last night showed U.S. upgraded its reading on third quarter GDP to 3.9 pct from 3.5 percent reported last month. Asian stock up today after the upbeat data
Funds with global mandate and domestic investors should continue to drive Indian stocks.
European shares push higher, bolstered by the prospect of more stimulus from the ECB and as upbeat U.S. economic growth data calms investor anxiety over a deteriorating global outlook.
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