The rupee is trading at 60.43/44
Picture for representational purpose (Photo: DC archives)
Mumbai: 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. non-farm payrolls for further direction.
( Source : reuters )
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