NSE Nifty,BSE Sensex surge as Indian rupee recovers,TCS shares hit all-time high

Indian markets rebound after RBI move to provide dollars directly to oil companies.

Written by Reuters | Mumbai | Published: August 29, 2013 2:57 pm

The NSE Nifty rose more than 2 per cent and the BSE Sensex gained nearly 2 per cent,tracking a rebound in the Indian rupee which hit a record low on Wednesday,after Reserve Bank of India’s (RBI) move to provide dollars directly to oil companies.

Mortgage lender HDFC shares surged 6.2 per cent,while software exporter Tata Consultancy Services (TCS) was up 2.9 per cent after earlier marking is all time high.

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