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Current Stock Market News

stock market news

India's rupee rose for a second day as steps by Asian countries to ease the global cash squeeze buoyed stocks and spurred optimism demand for riskier emerging-market assets will increase.

The currency has rebounded almost 1 percent from a record low of 50.29 a dollar touched two days ago.

 

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The  MSCI Asia Pacific Indexof stocks climbed 3.7 percent on speculation Japan will cut interest rates and China will make efforts to boost local shares to revive confidence in financial markets. The U.S. Federal Reserve may lower its benchmark interest rate to 1percent today and signal further reductions.The Bank of Japan may lower interest rates to 0.25 percent on Oct. 31, the Nikkei English News reported today, without citing any sources. China today cut interest rates for the third time in two months to stimulate growth as the global financial crisis undermines the world's fourth-largest economy.

 

 

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