Indian Stocks Rise Most in Two Weeks on Rupee as Deficit Narrows
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Indian stocks climbed the most in almost two weeks after a report showing narrower-than-expected current-account deficit helped the rupee rebound from a record low. Global equities rose on speculation U.S. policy makers may hold back from paring monetary stimulus.
The S&P BSE Sensex rallied 1.8 percent to 18,875.95 at the close in Mumbai, the biggest gain since June 14, with volume 38 percent higher than the 30-day average. Reliance Industries Ltd. and Oil & Natural Gas Corp. jumped at least 3 percent before a meeting to review natural-gas prices. HDFC Bank Ltd. paced gains among lenders.