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Nine of the 11 major SP 500 sectors rose with energy SPNY and financials SPSY up 29 per cent and 13 per cent respectively. The SP 500 banks index SPXBK gained 2 per cent with Citigroup Inc CN climbing 29 per cent.

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The US central bank kicked off its two-day policy meeting on Tuesday.

. At 6pm the local note stood at 435453570 versus the greenback from yesterdays close of 435603580.

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