USD/INR opened at 71.06 against its last closing at 71.04.
Palladium holds above $1,400 on supply woes; gold firm.
Sensex edges 100 points lower, Nifty below 10,900.
Asia stocks advance on U.S.-China trade relief.
China confirms Vice Premier Liu to visit U.S. for trade talks January 30-31.
Oil up 1% on OPEC output cuts, hopes of easing US/China trade tensions.
UK in deadlock over Brexit 'Plan B' as May and Corbyn tussle.
OPEC+ ministerial meetings proposed for April 17-18.
Global FX DATA:
Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped new sanctions, and as economic worries sent the Turkish lira tumbling.
Australia’s central bank sees strong economic growth this year and next but still doubts inflation will reach the mid-point of its target band even in 2020, a recipe for steady rates for some time yet.
Cryptocurrency prices were mixed on Friday after losing 10% of market cap this week following U.S. SEC’s announcement to postpone a crypto ETF decision. Meanwhile, a report on Thursday suggested 41% of Americans are not interested in investing in Bitcoin.
Japan’s economy grew more than expected in the second quarter, helped by strong household and business spending and recovering from a contraction earlier this year, but global trade tensions loom as major risks to the export and investment outlook.
China’s decision to remove crude oil from its latest tariff list in an escalating trade war with the United States was a relief to state oil firms prompted by a strong lobbying effort by main importer the Sinopec Group.
Indonesian President Joko “Jokowi” Widodo has formally registered as a candidate in 2019 elections and has chosen a conservative Islamic cleric as his running mate.
A presiding officer of a polling station in Pakistan’s Balochistan province has claimed he was abducted by security forces and forced to submit fabricated votes in favour of a candidate of religious coalition Mutthaida Majlis Amal (MMA).
India’s battered rupee will trade in a tight range in the coming year but not far from its historic low, hampered by higher oil prices and as trade tensions hurt emerging markets.
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