Indian equity settled
sharply higher on Thursday after the US Federal Reserve chairman Ben S.
Bernanke said Wednesday there is need to maintain accommodative monetary policy
stance for the foreseeable future. Fed chairman further said the FOMC may
retain interest rates to current near zero level even after unemployment rate
reaches to 6.5% considering the possibility of low inflation. Even as the
jobless rate may understate the weakness in the labor market, he opined. At the
close, the benchmark 30-share index, BSE Sensex added 381.94 points or 1.98% at
19,676.06 with 25 components posting rise.
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