INSUBCONTINENT EXCLUSIVE:
On Thursday, the rupee surged by 20 paise to end at a one-week high of 68.57.Rising for the third straight day, the rupee on Friday
strengthened by 23 paise to open at 68.32 against the US dollar in the early trade, reported news agency Press Trust of India (PTI)
The rise in Indian currency is amid the easing food prices and continued selling of the greenback by banks and exporters
According to forex dealers, a higher opening in the domestic equity indices and sustained selling of the American currency by exporters as
to end at a one-week high of 68.57 against the US dollar
dollar braced on hopes that US inflation will pick up
On Friday, however, the American currency's gains were capped due to apprehensions about rising US-China trade.3
According official data released on Thursday, industrial production slipped to a seven-month low of 3.2 per cent in May due to sluggish
cent in the previous month
The spike in retail inflation was due to costlier fuel, despite easing food prices
The domestic equity indices opened in the green on Friday
The SP BSE Sensex hit a fresh record high by opening above the 36,600 level at 36,635.14 for the first time ever
The NSE barometer Nifty50 also opened above the crucial 11,550 level
