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USDINR closed at 63.52 against its open at 63.58.
Sensex provisionally closes 134.71 points higher 18 components in the green.
The U.S. economy was on a modest growth path early in the second quarter with home resales falling in April and manufacturing activity on the backfoot in May, although the labour market continued to tighten.
Oil prices edge down after rising more than 2 percent in the previous session, buoyed by lower U.S. crude inventories and geopolitical tension in the Middle East.
RBI is working to liberalise its foreign exchange rules to make it easier to do business with Asia's third-largest economy, Deputy Governor H.R. Khan said on Thursday.
In a separate report, the Philadelphia Fed said its business activity index dipped to 6.7 this month from 7.5 in April. Any reading above zero indicates expansion in the region's manufacturing.
The Bank of Japan maintained its massive stimulus programme and offered a slightly more upbeat view of the world's third-largest economy on Friday, as a modest rebound in consumption helped service-sector sentiment improve to a one-year high.
India's oil ministry has set interim rules that exempt state-run upstream companies from giving any discount on crude and refined fuel sales if global oil prices average up to $60 a barrel this quarter.
Fed Chair Yellen will speak on the US economic outlook just ahead of the pre-Memorial Day weekend early market close, potentially revealing more nuanced details on the Fed’s rate hike bias.
Finance minister says bank bad loans have come down in March quarter.
Finance minister says govt plans to sell stake in state-run companies through strategic sales to partly meet budgeted target.
Finance minister says on corporate tax we must remove discretion, phase out exemptions, bring effective rate down to global levels.
India should have a tax on company profits that is more consistently applied than it is now and should bring down its effective rate to global levels, Finance Minister Arun Jaitley said on Friday.
Finance Minister Arun Jaitley said on Friday the government was in consultations with the Reserve Bank of India on setting up an independent public debt management agency (PDMA).
he economic skies above Europe are clearing after the long years of crisis and governments should take advantage of this to get their economies in order, European Central Bank president Mario Draghi said on Friday.
FED RULES OUT JUNE HIKE
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