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USDINR closed at 61.76 against its open at 61.84.
The BSE Sensex and Nifty hit fresh record highs with banking stocks leading the gainers.
Gold prices held steady to weaker in Asia with markets in Tokyo trading light ahead of a three-day weekend, though investors are still looking for physical demand support ahead of the year-end holidays.
Core inflation, which strips out volatile food and energy components, rose by 0.2% during the month, pushing the annual rate up to 1.8%, both figures in line with market forecasts.
The strong U.S. economic data helped oil snap a three-day losing streak, though markets remained wary ahead of whether the Organization of the Petroleum Exporting Countries will agree on reducing production when it meets next week.
Initial U.S. weekly jobless claims fell, factory activity in the U.S. mid-Atlantic region grew at its fastest pace in two decades and existing home sales strengthened.
The Reserve Bank of India (RBI) said restrictions placed on the purchase of its shares by foreign investors withdrawn.
Asian stock markets rose on data showing broad U.S. economic strength, while the yen rebounded from overnight multi-year lows after a Japanese official expressed concern about the pace of its recent descent.
Japan's stance of allowing the market to determine exchange rates and dismissed the need to intervene to halt the slide
The Dollar has gained more than 7 percent since the yen skidded in the wake of the Bank of Japan's surprise move on Oct. 31 to ease policy further. Its decline accelerated this week after data showed an unexpected contraction in the third quarter.
India will spend 253 billion rupees to tackle rampant theft of electricity by rolling out metering in cities and upgrading old distribution networks.
GLOBAL MARKETS: Asian shares rise after U.S. data shows broad U.S. economic strength, while the yen rebounds from overnight multi-year lows after Japan's finance minister warns that its recent weakening was "too rapid".
The rupee is trading at 61.85 per dollar vs previous close of 61.94/95 as gains in local shares boost sentiment for the Indian unit.
China remained steady with premiums ranging between $2 and $3, helping lend support to global prices.
Ukraine slashed its gold reserves by more than a third in October,as the near-bankrupt country reels from fighting a pro-Russian separatist movement in the east.
State-owned banks buying dollars around 61.84/85 for oil companies.
Parliament convenes on Monday for a month-long session in which the government is confident of passing legislation to allow more foreign investment in the insurance industry, despite hostile opposition parties.
Gold was on track for its third straight weekly gain, buoyed by short-covering and a pause in the Dollar rally, while traders also eyed central bank activity for cues.
India releases September-quarter GDP data on Nov. 28; few expect a big rebound from the worst slowdown since the 1980s.
Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the Yen nursed its losses after sliding to multi-year lows against the Dollar and Euro.
People’s Bank of China has announced a cut in interest rates effective 22 November.
India FX Reserves, USD climbed from previous $315.13B to $315.55B.
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