Reuters Market Eye - The rupee is trading at 60.43/44 versus its previous close of 60.3550/3650.
The USD/INR pair is sustaining gains despite monetary stimulus by the ECB as most funding in India remains dollar denominated, say traders.
Losses in other Asian currencies and the euro versus the greenback also hurting the Indian unit.
The European Central Bank cut interest rates and launched a large stimulus package for the flagging euro zone economy on Thursday.
Losses in the share market also hurt. The Nifty trading down 0.32 percent.
Traders now awaiting U.S. nonfarm payrolls data due later on Friday for further direction.
Also Read
(Reporting by Swati Bhat)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
