INSUBCONTINENT EXCLUSIVE:
Rupee vs dollar (INR vs USD) today: The rupee was seen trading at69.56 against the dollarThe rupee gave up most of the day's gains after
rising by as much as 21 paise against the US dollar on Thursday
said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next
since October 17, 2017.The US central bank left key interest rates unchanged in the 2.25-2.5 per cent range.The dollar index against a
basket of six major currencies was little changed at 97.188 after losing more than 0.5 per cent overnight."Asian and emerging market
currencies are trading stronger against the US dollar
Overall risk sentiment has improved," said forex advisory firm IFA Global.Foreign funds pulled out Rs 97.05 crore from the capital markets
on a net basis on Wednesday, according to provisional data from the National Stock Exchange (NSE).Domestic stock markets reversed early
losses on the back of gains in auto, pharma and state-run banking stocks
The S-P BSE Sensex index rose as much as 372.85 points from the day's lowest level to 39,306.63, and the NSE Nifty benchmark moved to
11,743.45, up 108.4 points from its intraday low of 11,635.05
