INR registers a weekly gain of over 1%
Mumbai, Sept. 4 -- The Indian rupee settled for the day marginally higher by 2 paise at 94.49 (provisional) against the US dollar on Friday, supported by optimism over rising foreign inflows and a rise in risk appetite. The pair registered a weekly gain of 1.13%. However, rising crude oil prices and escalating US-Iran geopolitical tensions is seen limiting the upside gains. Local shares closed higher on Friday, with benchmark indexes snapping a four-day losing streak, as dovish comments from Federal Reserve Governor Christopher Waller prompted traders to scale back expectations of a Federal Reserve rate increase this month. The 30-share BSE Sensex rose 362.57 points, or 0.48 percent, to 76,515.43 despite concerns over elevated oil prices ...
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