Markets React to Indian Central Bank Chief's Exit
Indian stocks climbed, erasing initial losses, as investors weighed the surprise exit of the nation’s central bank chief against polls that showed Britain may remain in the European Union. The S&P BSE Sensex climbed 0.3 percent at 10:33 a.m. in Mumbai, after changing direction at four times, tracking gains in a gauge of Asian equities which rose 1.4 percent. Larsen & Toubro Ltd., the top engineering firm, paced advances among industrials. Tata Consultancy Services led software exporters higher. An index of lenders dropped 0.5 percent and the rupee weakened 0.4 percent to 67.3750 a dollar. Bloomberg's Simon Kennedy reports and Sarasin & Partners CIO Guy Monson discusses with Bloomberg's Francine Lacqua on "The Pulse."
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