Economic TimesLean R·
Rupee ends losing run on whiff of FPI flows into stocks
The Indian rupee Friday snapped its four-day losing streak to end at 94.21, aided by what traders described as 'mild' foreign investment into local equities and a slide in the global dollar index.The currency had closed at 94.39 per dollar on Thursday.The dollar index weakened to 100.7, from 101.4 the previous day, as a tepid US jobs report lengthened the odds on a rate increase by the Federal Reserve, keeping Asian currencies stronger."Improved global sentiment and a softer dollar helped the d…
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