Rupee gains on rise in shares, robust U.S. data

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An employee poses with the bundles of Indian rupee notes inside a bank in Agartala

By Gaurav Pai MUMBAI (Reuters) – The rupee gained on Friday as a rise in local shares along with positive U.S. unemployment and industrial output data helped sentiment, but traders remain cautious given the uncertainties about global economic growth. On the week, however, the rupee fell, declining in five of the last six weeks. Markets will be shut next Thursday and Friday due to national holidays. All eyes are now on Chinese growth data due next week. …

Source: https://in.news.yahoo.com/rupee-gains-rise-shares-robust-u-data-115459832–business.html

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