Indian Equity: • Indian equity indices surged on Friday on short - TopicsExpress

Indian Equity: • Indian equity indices surged on Friday on short covering, recovery in the rupee and hopes of further reforms from the government. • All the sectoral indices ended higher with metal, power, capital goods and banks leading gains. Debt: • Call money rate ended higher at 7.15% on Friday as compared with 6.90-7.00% on Thursday despite lower demand on the fortnightly reporting day and comfortable liquidity in the banking system. • Banks net borrowed Rs 76,190 cr on Friday from RBI’s repo tender as compared with Rs 52,665 cr on Thursday.

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