Indian Rupee ended at 72.96 on friday, up 9 paise against its previous close of 73.04 - Geojit Financial
News Box
* Indian Rupee ended at 72.96 on friday, up 9 paise against its previous close of 73.04.
* FBIL set the reference rate for USDINR at 72.9519 and Euro at 88.301.
* S&P500 futures drops to low amid market frenzy
* Silver jumps to 6 months high on short squeeze chatter
* Vaccinations stay on front foot but fresh cases question bulls
* GBPAUD looks to gain ahead of RBA rates decision.
OUTLOOK - USDINR
Rupee opened on a flat note on Friday on the back of positivity seen in equity markets gaining 9 paise to close for the day at 72.96. The dollar index, however, closed at 90.74 up 0.32%. The Economic Survey, which was released on Friday pointed out that India’s economic growth is likely to rebound with a 11% expansion in the coming financial year after going through the pandemic-led carnage. Brent crude futures moved up 0.41% to close at $55.76 a barrel.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory