Market ends on a high note

The market managed to stage a late bounce back to end on a high note.

The Nifty closed above 10,600, while the Sensex managed to be higher by over 200 points.

The Sensex was up 212.33 points or 0.62% at 34713.60, and the Nifty ended 47.30 points higher at 10617.80.

Experts say that the Reserve Bank of India will raise interest rates this year, which will help reverse the declines of the rupee.

The rupee has been Asia’s second-worst performer this year.

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