Rupee hits 1 week low as risk aversion returns
Mar 14 2014 , Mumbai
The pair up 0.6 percent so far this week, on way to break two weeks of losses.
U.S. retail sales rebounded in February and new filings for jobless benefits hit a fresh three-month low last week, suggesting the economy was regaining strength to push the dollar higher against a basket of currencies.
Data on Thursday showing that China's industrial output growth fell short of forecasts for the January-February period also likely to weigh on regional FX on heightened concerns about the region's economic powerhouse.
Asian shares skidded to a three-week low and the yen held steady at lofty levels on Friday, as heightened tension in Ukraine ahead of a weekend referendum prompted investors to shed riskier assets.