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* India's Nifty 50 and BSE Sensex up 0.6% * IT stocks jump 4%, led by 7% surge in HCLTech after quarterly profit beat * Jefferies upgrades HCLT to "hold" from "underperform", says co among few large IT firms offering over 5% constant currency revenue growth * Ten of 16 sectors gain; small-caps down 0.8%, while mid-caps
The rupee rose 1% to 95.74 per dollar after the RBI introduced measures to curb spot and forward dollar demand. The currency had lost 6.5% so far this year.
India’s rupee climbs about 1%, leading gains versus the dollar in Asia on Monday, after the RBI took steps to bolster the currency. Bloomberg's Subhadip Sircar reports ()