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USDINR closed at 63.44 against its previous day closed at 63.51.
Sensex provisionally ends 145.55 points higher with 18 components in the green.
India's gross domestic product grew 7.5 percent in the three months ending March, a revised method of calculation showed, making it one of the fastest-growing economies in the world.
India’s services industry contracted for a second month in June, suggesting the country’s economy is struggling to maintain growth. Weak service sector data and subdued inflation may prompt the RBI to cut rates when it reviews monetary policy.
The government is also planning an online agricultural market to help farmers get better prices for their produce.
China stocks slumped again on Friday, taking their three-week tumble to nearly 30 percent and wiping out most of this year's gains.
The RBI is likely to wait until at least October, after the monsoon rains, to cut rates
Local shares are also headed for a third consecutive weekly gain on value buying by domestic investors with a Greece default already factored in, while better-than-expected progress of the monsoon also helped sentiment.
Gold prices in major consumer India were quoted at deep discounts to the global benchmark this week on tepid demand and adequate levels of inventory.
Greece Crisis Worsens
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