Rupee rises, tracks gains in Asian currencies

Economic data sparks hopes of continued stimulus from central banks

The rupee is trading at 61.055 compared with previous close of 61.215/225. Asian currencies gained after flood of soft economic data sparked hopes of continued stimulus from central banks.

 

The Nifty is up 0.4%, heading for fourth consecutive day of gains.

 

USD/INR is down 0.12% for the week, marking second consecutive week of mild falls.