Wednesday, August 22, 2007

(AFX UK Focus) 2007-08-22 09:33 GMT: Indian shares rise as hopes of Fed rate cut temper local political worries (Interactive Investor)

MUMBAI (Thomson Financial) - Indian shares traded firm as nervousness on the country's political stand-off was dispelled by hopes of a possible rate cut in the US, which will ease the spillover effects of the crisis in the country's mortgage market.

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[Source: Yahoo! News Search Results for political news]

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