Tuesday, 20 December 2016

Sensex edges higher, Nifty holds 8100; ITC leads, HDFC drags

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The Bank of Japan (BOJ) left policy unchanged today at the conclusion of its two-day policy meeting, as widely expected. The central bank maintained the negative 0.1 percent interest rate imposed on banks for some excess reserves, left the 10-year Japanese government bond (JGB) yield target at around zero, and kept annual rises in JGB holdings at 80 trillion yen ($676.9 billion). The BOJ also upgraded its economic assessment, noting that the economy continued to recover moderately. It also revised up its view on exports and output.

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