Summary : Indian shares climbed on Friday to their highest in nearly three months and were on track for a second straight weekly rise, boosted by gains in metals and auto stocks. The Nifty hit its highest since early May, while the Sensex touched a peak last seen in late April.
The Nifty metals index (.NIFTYMET) rose 1.5% on hopes of strong demand in top consumer China, while the auto index (.NIFTYAUTO) gained 1.9%, with TVS Motor Co (TVSM.NS) up 9% after reporting a higher June-quarter profit.
Meanwhile, the rupee strengthened to its highest in nearly three weeks, tracking broad losses in the dollar on easing concerns over the need for continued aggressive interest rate hikes by the Federal Reserve.
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