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USDINR closed at 63.56 against its open at 63.27.
The benchmark BSE Sensex closed 1.07 percent lower at 27,437.94, falling 3.53 percent in the week. The broader Nifty ended 1.1 percent lower at 8,305.25, down 3.5 percent in the week.
Investors may remain cautious to say the least despite the Eurogroup Working Group indicating that Greece would be able to stay solvent till June.
The Reserve Bank of India's move this month to allow retail investors to buy government bonds has so far failed to lure savers, throwing into question efforts to deepen the country's debt markets and help cushion them from global volatility.
Prime Minister Narendra Modi's government has delayed a bill that will make it easier for industry to buy farmland, following anger over rising rural distress and the suicide of a farmer in New Delhi.
The chances of Greece missing some of its debt payments in the coming weeks are 40 percent, while the probability of an exit from the 19-nation currency bloc stands at 30 percent.
India struggles to woo retail investors to govt bonds.
It's a good day for Asian shares, headed for a weekly gain, as they take cues from Nasdaq which went past a record set in March 2000.
Oil prices on Friday edged back from 2015-highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments.
Exchange on renewed demand for the American currency from banks and importers amid foreign capital outflows in the equity market.
Besides, a lower opening in the domestic equity market weighed on the local currency but the Dollar's weakness against other currencies overseas capped the Rupee's losses.
USDINR fell during noon trade Friday on Dollar selling by nationalised banks mostly on behalf of the Reserve Bank of India so as to curb sharp depreciation of Rupee amid selling by foreign banks.
The Eurogroup meeting starts today and focus will be on Greece. The parties are still some way from reaching an agreement and they do not expect a solution to the Greek issue at the current meeting.
Tax department says MAT tax claims against foreign investors that qualify for tax treaty benefits to be resolved within a month.
Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal by June.
NARENDRA MODI FOCUSES THREE CORE SECTORS
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