Manila, Oct. 7 -- The manageable rise of the domestic inflation rate lifted sentiments in the local bourse on Tuesday, but the Philippine peso weakened against the US dollar.

The Philippine Statistics Authority (PSA) reported earlier in the day the uptick in the domestic rate of price increases in September to 1.7 percent from the previous month's 1.5 percent, partly due to the impact of weather disturbances.

Amid the acceleration, the average inflation rate in the first nine months of the year stood at 1.7 percent, below the Bangko Sentral ng Pilipinas' 2 percent to 4 percent target this year.

Investors took note of this positive development, resulting in gains in all counters, with the Philippine Stock Exchange index (PSEi) rising 1....