Asia-Pacific finance ministers called for market-oriented exchange rates and said stimulus measures shouldn’t be withdrawn until a “durable recovery is secured.”
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Stocks are likely to begin trade on an optimistic note on Wednesday tracking the recovery across global markets. On the domestic front,the government unveiled its third stimulus package after market hours Tuesday which will further boost sentiment.The government cut factory gate duties and service taxes in an effort to boost demand and revive growth in economy as it reels under the impact of the global economic crisis.