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USDINR closed at 61.61 against its open at 61.94.
The benchmark BSE Sensex provisionally closed 0.23 percent lower, while the broader Nifty lost 0.24 percent, also marking their lowest close since Sept. 25.
RBI says sharp pick-up in GDP growth in April-June may not be sustained in September and December quarters
Caution ahead of the release of jobs data for the US amid bunched up demand for the Dollar ahead of an extended weekend.
The RBI also allowed hikes foreign exchange hedging for importers to 100% of past 3 yrs average from 50% previously and at the same time cuts export credit refinance to 15% of credit outstanding from 32% with effect from Oct 10.
Asian shares got off on the back foot as continued civil unrest in Hong Kong sapped confidence, while the Dollar index was in sight of a four-year high after marking its best quarterly gain in six years.
The Bank of Japan's closely watched tankan survey of business sentiment released before the market opened showed big manufacturers' confidence improved slightly in the latest quarter.
World oil prices tumbled to their lowest in more than two years, with U.S. crude posting its biggest daily decline since 2012.
FED CAUTIOUS: Interest Rate with Low Inflation
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