USDINR is closed at 64.1375 against its opening of 64.1800 . Dollar in the offshore market traded down Friday tracking the fall in the spot pair on selling by exporters amid overseas fund inflows into local debt. Speculation that US President Donald Trump's top economic advisor Gary Cohn may quit spooked markets, as it created doubts about Trump's ability to push through reforms such as tax cut and infrastructure spending. FII outflows from local stocks and oil demand will support the spot pair. Asian shares traded mostly lower tracking weak global cues on concerns about ongoing political turmoil in Washington, D.C. The dollar turned mixed after the investors digested Federal Reserve's July monetary policy meeting minutes and US economic data.......
Asian shares fell across the board, taking a cue from a nervous Wall Street as political woes for President Donald Trump imperil his tax cut and infrastructure spending plans.Gold drifted slightly higher in Asia with some attention shifting to a tense Himalayan standoff between India and China who fought a brief, but bloody border war over the territory in 1962.Oil prices dipped on Friday as part of a broad-based selloff across markets, and despite signs that crude markets are gradually tightening.The Philippines has found a second outbreak of bird flu in another province in the main Luzon island, Agriculture Secretary Emmanuel Pinol said, a week after reporting the country's first case of the poultry disease.......