Rupee falls; flows watched

Tags: News
The rupee is trading at 60.43/44 versus its previous close of 60.3550/3650.

Index of the dollar against six major currencies trading up 0.05 percent.

Gains in the domestic share market may, however, limit a sharp fall in the rupee. The Nifty is trading up 0.19 percent.

Foreign investors bought shares worth $281.3 million on Thursday, as per provisional exchange data.

The European Central Bank cut interest rates and launched a large stimulus package for the flagging euro zone economy on Thursday.

Traders are now awaiting the U.S. nonfarm payrolls for further direction.

EDITORIAL OF THE DAY

  • It seems India will overtake Germany to emerge as the fourth largest economy globally by 2022

    There is speculation that India will overtake Germany to emerge as the fourth largest economy globally by 2022.

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