Investors took comfort from Finance Minister Arun Jaitley's statement, who underlined the need to have globally compatible tax rates to broad-base the economy
The rupee ended lower by 7 paise to 62.31 against the American currency on fresh dollar demand from banks.
BofA-ML said the liquidity deficit is running higher than the forecasts because the RBI has suspended its bond buybacks or open market operations.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
With Europe focusing still on price stability (i.e. inflation), the weaker economies of Europe are taking the strain as the Euro rises on the currency markets. Stronger nations like Germany are doing well internationally, so they are affected far less by a strong Euro than weaker states such as Spain, Greece and Ireland. This was reflected in the 9 per cent growth in Japanese exports last month, which saw 15 per cent growth in trade with China alone.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
The rupee dropped on renewed demand for the American currency.
Lavrov said a rupee-rouble payment system for trade with India was put into place earlier and it could be strengthened further.
The domestic unit had recovered to 68.65 in early trade on Friday as against Thursday's closing of 68.72.
Rupee is under pressure against the dollar say currency watchers.
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
Silver advanced by Rs 150 to Rs 34,200 per kg on increased offtake.
The Rupee is seen recovering from its all-time lows against the dollar.
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
The rally is being fuelled by across-the-board buying.
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Love it or hate it, you simply cannot ignore apna #Indianisms, can you?
Fresh demand for the American unit from importers put pressure on the rupee.
India's current account deficit (CAD) is likely to ease to 4.4 per cent of the GDP in the current fiscal year on lower oil and gold prices, Bank of America Merrill Lynch (BofA-ML)said in a research note.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
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In dull trade, the rupee on Monday ended a mere two paise lower at 60.20 against the US dollar on weak local equities and imported-driven demand for the American currency.
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.
The Indian rupee on Tuesday ended marginally higher against the American currency at 61.41 amid volatile trading on the back of a higher dollar overseas.
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State oil refiners, who are the biggest buyers of US dollars, agreed to implement the RBI order with immediate effect, sources with direct knowledge of the development said.
The first phase of the trade deal includes IP protection and enforcement, ending forced technology transfer, dramatic expansion of American agriculture, removing barriers to American financial services, ending currency manipulation, rebalancing the US-China trade relationship and effective dispute resolution.
Dollar's weakness against some other currencies overseas supported the rupee.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
Why did the department and his colleagues not stop this 'rogue' officer from implicating an innocent man while the entire nation was watching for weeks? The answer is they either approved, or disapproved and refused to intervene or they didn't care, notes Aakar Patel.
Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
SBI had a bad day, sliding the most by 5.36%. Others that dragged the key indices down were M&M, Reliance Industries and L&T.
The S&P BSE Sensex dropped 207 points to end at 25,230.
The US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate on Wednesday bolstered the expectations of interest rate hikes, though gradually.
Pompeo, who became the Trump administration's highest ranking official to visit Sri Lanka, said that the US and Sri Lanka shared a vision for democracy to build a relationship and the "freedom to hold democratic elections".
Pakistan's nuclear arsenal is 'simply a deterrent' to protect the country and there will no longer be any need for it once the Kashmir issue is resolved, Prime Minister Imran Khan has said as he asserted that if the Americans have the resolve and the will, the issue can be sorted out.
Besides selling of dollars by exporters, strength in other currencies against the American unit overseas also supported the rupee.
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