USD/INR closed at 71.73 against its open at 71.95.Dollar closed down Friday tracking subdued trading in the greenback amid selling by foreign bank and exporters. However, fear of escalation of Sino-US trade conflict limited the gains in the local currency.Globally, there is some talk of dollar seeing reversal in strength. However, market awaits Trump tariff for $200 billion to be triggered against China today.
The public comment period on possible US tariffs on another $200 billion of Chinese goods will end later today, the greenback is seen subdued ahead of it.Dollar index, which weighs greenback against a basket of six major currencies, traded at 95.03 Friday compared to 95.10 at close of Indian Market Thursday.
The greenback turned mixed performance against its major rivals such as euro and pounds ahead of the jobs data due later today. However, the indices gave up early gains to trend lower as overseas and retail investors preferred to stay on sideline awaiting latest developments in trade disputes between US, China and Canada.
Emerging market currency movement would also be watched.
Sensex provisionally ends 120 points higher with 19 components in the green.