Having declined for three months in a row, industrial production expanded by 0.1% in January even as manufacturing woes continue
The partially convertible rupee closed at 61.19/20 per dollar, unchanged from Friday
The pair is expected to hold in a 60.85 to 61.20 range
Back home, with banks and mutual funds focused on fiscal year end, money markets will steal all the attention
Because beyond that it depends up the outlook of the monsoon and the elections
There is no limit on the number of notes that can be exchanged
FCAs increased by $1.07 billion to $268 billion for the week ended March 7
Reserves back to April 2013 level
Reaction was muted to WPI inflation easing to a nine-month low in February
Official data released on Wednesday showed the retail inflation cooled down to 8.1% for February
Signs of sustained capital inflows aided the rupee's recovery but weak equities capped the rise to some extent
The partially convertible rupee closed at 61.17/18 per dollar compared to 61.2150/2250 on Wednesday
Traders said rupee tracked falls in regional shares and currencies as economic uncertainty in China and US come amidst political tensions in Ukraine.
Gains in domestic share markets limit fall
Capital infusion of $30 bn over two years needed amid high dividend payouts and impairment ratios
Easing inflation, CAD and strong FII inflows support bullish outllook for rupee