Banking stocks drive Sensex 300 points higher
August 21, 2013  09:54
The BSE Sensex opened sharply higher and the rupee gained on Wednesday on the back of new steps taken by the government and the Reserve Bank on Tuesday to support the beaten-down bond market.

The rupee today opened at 63.45 versus the US dollar. The Sensex is up by 300 points.

On Tuesday, the rupee fell past 64 to the dollar for the first time and bond yields spiked to a five-year high.
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