India’s Sensex Climbs to Highest in a Week as Inflation Slows
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India’s benchmark stock index rose to its highest level in a week as inflation slowed to an 11-month low, giving the central bank room to this week pause Asia’s fastest round of interest-rate increases.
Sterlite Industries (India) Ltd., the nation’s biggest copper producer, rallied 3.4 percent after the nation’s top court allowed it to continue operating its smelter in the southern state of Tamil Nadu until the next hearing. Tata Steel Ltd. climbed to a two-month high after saying it will raise prices for some European products as demand improves. Wholesale prices rose 7.48 percent in November from a year earlier, the commerce ministry said today.