USD/INR closed at 73.45 against its open 73.87. Dollar extended losses during trades onThursday tracking further easing in crude oil prices and report that US has agreed to grant India a waiver from Iran sanctions
The tension between RBI and Government has eased off. RBI has called the next board meeting on Nov 19. It would be important to see if they release any measures on NBFCs front. Till Nov 9, CP redemption of Rs 500 billion is due.
Local stocks opened higher on positive global cues and as China planning more stimulus measures in an effort to support the economy. Meanwhile, the greenback remained subdued against its major peers ahead of US jobs data due this week.
NSE Nifty ended 0.06 percent lower at 10,380.45, while the benchmark BSE Sensex closed mostly flat at 34,431.97