Indian shares rally on EU summit

Newswire

June 29 (Reuters) - Indian shares extend gains to 2.5 percent on Friday and are heading towards their biggest monthly gains since Jan, after European leaders unveiled a plan to address Europe's distressed banking sector, easing some of the concerns about the region. India published draft guidelines on Thursday to implement rules that target tax evasion but have provoked an outcry among foreign investors at a time when the country needs capital inflows. Also a strong rebound in the rupee now ...

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