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USDINR closed at 64.13 against its open at 64.04.
BSE Sensex provisionally closes 1.4 percent higher.
US GDP growth, although below expectations, still pointed towards firming economic fundamentals.
Oil prices fell in Asian trade as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cut-back in production, although a fall in the U.S. Dollar put a floor under prices.
China's securities regulator on Friday said it is investigating the impact of automated trading on the market, as Beijing intensifies pressure on its financial industry in the wake of a share-price plunge.
Data released overnight show that the US economy grew at an annualised rate of 2.3 per cent in the second quarter. The GDP numbers were a tad lower than consensus estimate, but were higher than a growth of 0.60 per cent in the first quarter.
Country's core industries growth slowed to 3 per cent in June, on the back of a sharp slowdown in electricity production.
Fed Signals September Rate Hike
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