USD/INR opened at 72.1600 against its previous day closing of 72.6650.
CPI Inflation Remains Below Target For The Third Consecutive Month In October.
Sensex opens 158 points higher with 24 components in the green.
Asia starts new month up on strong Wall Street after brutal Oct
Asian shares pare losses on U.S.-China trade optimism, oil slides
Inflation as measured by the Consumer Price Index stood at 3.31 percent in October compared to 3.70 percent in September.
Rupee weaker on Monday due to strong U.S. jobs data that bolstered expectations of faster rate hikes there.
Global FX DATA:
Asian shares nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite.
Pakistan’s chemicals-to-energy conglomerate Engro Corp has seen its fortunes rise on the back of massive Chinese investment, but plans to shape its future growth around the country’s vast population and expanding middle class.
Venezuelan President Nicolas Maduro is travelling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans.
Australian Prime Minister Scott Morrison’s own party defied his wishes by nominating a former diplomat instead of a female candidate to run in a crucial by-election for a seat that belonged to the man he deposed in a leadership coup.
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