AUTO REFRESH ON Rupee check The rupee snapped its three-day losing streak to end 33 paise higher at 71.68 against the US dollar on Thursday amid a weak greenback and softening oil prices.
Among key factors heading into trade on Friday, the investors will look forward to Reserve Bank of India's (RBI) board meeting, macroeconomic data (WPI and trade balance), movement in rupee and global cues.
The central board of the RBI under new Governor Shaktikanta Das will meet the directors, who are likely to push for a greater say in the decision making of the central bank. The meeting will review the progress with respect to some of the decisions taken in the last meet on November 19.
Rupee
The rupee snapped its three-day losing streak to end 33 paise higher at 71.68 against the US dollar Thursday amid a weak greenback and softening oil prices.
Global Markets
Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.3 per cent while Japan's Nikkei dropped 0.4 per cent.
On Wall Street, the S&P 500 ticked down 0.02 per cent to 2,650, while the Nasdaq Composite dropped 0.39 per cent.
(with Reuters input)