On global front, US stock indices tumbled on Thursday, as investors continued to react to weaker-than-estimated corporate earnings and disappointing economic data.
The Indian rupee opened higher by 3 paise at 66.48/$ against US Dollar on Friday as against the previous close of 66.52/$.
On global front, US stock indices tumbled on Thursday, as investors continued to react to weaker-than-estimated corporate earnings and disappointing economic data.
Sentiment further weakened on news that US gross domestic product (GDP) grew by only 0.5% in the first quarter, its slowest pace in two years. Economists had projected 0.7% expansion.
Asia markets opened lower on the final trading day of the week, following a nearly 1 percent or more decline in US equities overnight.
On Thursday, Indian rupee closed lower due to heavy capital outflows from the domestic equity market.
On global front, US stock indices tumbled on Thursday, as investors continued to react to weaker-than-estimated corporate earnings and disappointing economic data.
Sentiment further weakened on news that US gross domestic product (GDP) grew by only 0.5% in the first quarter, its slowest pace in two years. Economists had projected 0.7% expansion.
Asia markets opened lower on the final trading day of the week, following a nearly 1 percent or more decline in US equities overnight.
On Thursday, Indian rupee closed lower due to heavy capital outflows from the domestic equity market.
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