INSUBCONTINENT EXCLUSIVE:
71.14 against the dollar on heavy foreign capital inflows after growing expectations that the Federal Reserve would keep interest rate on
gains.Foreign portfolio investors pumped in a huge Rs 6,311.01 crore into capital markets on Friday, provisional exchange data showed
Analysts said that weak US economic data propped up expectations that the US Federal Reserve would keep the rate steady this year.The US
New orders for US-made capital goods dropped in December, signalling slow spending on machinery and equipment that could hamper economic
growth, the data released on Thursday showed."Indian rupee gains ahead of the US China trade talks
However, the improvement in the US China dialogue has been partly priced in and positive impact on market could be limited and short term,"
touched a high of 71.11 to the dollar in day trade
The rupee finally settled at 71.14, showing a gain of 10 paise over the last close
The rupee had skidded by 13 paise to close at 71.24 against the dollar on Thursday.On weekly basis, the rupee gained 9 paise or 0.13 per
cent, its second week of gains in a row
The US dollar recovered from initial losses to trade 0.09 per cent up at 96.55 ahead of US-China trade negotiations
US President Donald Trump will meet China's top trade negotiator on Friday night to forge a preliminary deal before tariffs on some
Chinese imports more than double next month.Brent crude futures, the global oil benchmark, was also trading 0.13 per cent higher at $67.16
