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USDINR trading at 61.27 against its open at 61.31.
Nifty rises 0.4 percent in opening trade.
Brent crude fell , dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. U.S. crude hovered below $83 a barrel.
The United States air-dropped arms for the first time to Kurdish fighters defending the Syrian border town of Kobani against Islamic State.
Former Prime Minister Indira Gandhi nationalised the coal industry in 1972, creating one of the world's largest mining companies.
Indian shared surges on the back of gas price hike, diesel de-control and BJP's impressive performance in the recently concluded elections in Haryana and Maharashtra.
India's decision to liberalise the coal sector comes after Supreme Court's decision to scrap licences for 214 coal fields that supplied power, cement and other companies over allegations of graft.
RBI will not change gold import rules.
RBI has released minutes of the financial stability council's meeting that took place in August.
Asian shares give up gains after Chinese GDP data add to concerns of weakening momentum in the world's second-biggest economy.
The committee discussed emerging risks to the economy from a potential rise in oil prices due to geopolitical events and a likely tightening of interest rates by the United States.
World Financial Leaders Seek to Boost Global Recovery
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