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Indian stocks close marginally higher

Xinhua, January 16, 2015 Adjust font size:

India's benchmark Sensex rose marginally on Friday on continued buying in blue-chip shares and wrapped up its best weekly gain in over two months.

Markets were in a positive mood after Thursday's massive rally as RBI Governor Raghuram Rajan sprang a surprise by cutting interest rates by 0.25 percent to boost growth.

The index closed 0.17 percent, or 46.34 points, higher at 28, 121.89, while the 50-share Nifty of the National Stock Exchange ended 0.23 percent, or 19.65 points, higher at 8,513.8.

So far in 2015, the Sensex has rose 2.1 percent, while foreign institutional investors have sold 315.3 million U.S. dollars from local equity markets and bought 1268.3 million U.S. dollars from the debt market. Endi