The Trump administration on Tuesday removed India from its currency monitoring list of major trading partners, citing certain developments and steps being taken by New Delhi which address some of its major concerns.
Equity benchmark Sensex Friday shot up over 623 points to close at a record high of 39,434.72 as investors felt assured of policy stability after a decisive mandate for the Narendra Modi-led BJP in the general elections.
Country's largest lender SBI Friday said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-performing assets (NPAs) came down.
Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over US-China trade deal and continued foreign fund outflow.
The rupee depreciated by 13 paise to 70.07 against the US dollar in early trade Friday as US-China trade related concerns and foreign fund outflows weighed on investor sentiments.
Equity benchmark indices extended their fall for a fourth consecutive trading session this week and traded lower in the early hours on Thursday.
The rupee depreciated by 18 paise to 69.89 against the US dollar in early trade Thursday amid heavy sell-off in domestic equity market and foreign fund outflows.
The rupee opened on a weak note and declined by 21 paise to 69.64 against the US dollar Wednesday, as the US-China trade related concerns weighed on investor community.
The benchmark BSE Sensex extended its losing streak by falling over 250 points in early trade Wednesday, led by losses global markets amid rising US-China tension.