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Indian stocks close higher on rate cut hopes

Xinhua, April 4, 2016 Adjust font size:

Indian stocks rallied in afternoon trade on Monday on hopes of rate cut by the Reserve Bank of India (RBI) in Tuesday's money policy review.

The benchmark S&P BSE Sensex closed at 25,399.65, 130.01 points or 0.51 percent up from previous close of 25,269.64, with a turnover of 344.12 crore rupees (about 51.9 million U.S. dollars). Endit