MARKET
HEADLINES
- USDINR likely to trade on the positive note
The
Indian rupee ended stronger at 61.75/76 per dollar versus the
previous close of 61.9650/9750 on foreign fund inflows, but
month-end
demand from oil companies limited gains. The dollar rose
to a one-month
high against a basket of currencies on Thursday as
data on U.S. Inflation
and business orders revived confidence in the
world's biggest economy
and supported bets the Federal Reserve will
raise interest rates in the
middle of the year.
USDINR is likely to
trade on the positive note on the back of US interest
rate outlook.
- Turkish lira hits record lows on central bank concerns
The
Turkish lira tumbled to a fresh record low on Friday as investors
worried about the future of Central Bank Governor Erdem Basci after
President Tayyip Erdogan's blistering criticism of the bank.
Market
attention was focused on whether Erdogan would keep up the
pressure
or seek to lower tension when he speaks at a lunch he is hosting
for
provincial governors at the presidential palace at 1130 GMT.
The
lira hit a low of 2.5185 against the dollar, weaker than 2.4960 late
on
Thursday and exceeding a low of 2.5155 which it hit two weeks
ago.
The main share index fell 2.14 percent to 84,076.91 points,
having fallen
0.94 percent on Thursday.
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