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The Indian rupee closed slightly lower on Friday, tracking subdued moves in its Asian peers, as investors turned their attention to a crucial U.S. labour market report due later in the day. ....
AEPC has created an in-house Market Intelligence Cell to keep the track of trends in import demands forecasted for 2030 and the efforts have been taken at various fronts to hand-hold the industry. He added that so far the exports have been primarily concentrated to the EU and the US, AEPC has been taking various steps to help the industry to diversify its focus to new emerging markets such as Australia, UAE and also Latin America and Africa region. ....
"Brent oil fell to a low of USD 74.63 per barrel which is a six-month low on US output being at record highs even though inventories fell. This should be quite positive for the rupee," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. ....