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Upward rally continues, indices close at 2 month-high

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Meanwhile, expressing confidence over growth of Indian economy, RBI governor Shaktikanta Das said that GDP numbers for Q2 will be better than the previous one as the government has started spending again. Attributing the 5 per cent GDP growth in Q1 to very low government spending, he said with the Centre opening its coffers again, growth should pick up going forward.

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