USD/INR ends down on likely FPI inflows into local debt, exporters selling

The rupee settled at 71.15 against 71.27 at the previous close. The local unit moved in 71.05-71.4550 per dollar band intra-day.
USD/INR ends down on likely FPI inflows into local debt, exporters selling. Euro traded down on Friday amid dovish comments from the European Central Bank policy maker Olli Rehn, while a strong greenback after upbeat US economic data release further weighed on the currency pair. The euro traded at $1.1084 compared to $1.1104 at close of previous session.

The euro fell to a two-week low on Friday against the dollar, which extended the gains it made the day before after U.S. retail sales data came out better than expected. The euro was down by 0.2% at $1.108875 EUR=EBS , the lowest it has been since Aug. 2.
The dollar was on course to end the week up against the euro, the Japanese yen and the Swiss franc as investors returned to riskier assets. A stable offshore Chinese yuan helped improve risk appetite. Sterling was up 0.3% at $1.2118, close to a one-week high of $1.2150 and on course for its first weekly gain since mid-July. Encouraging data on British retail sales and consumer prices suggested the British economy was in better shape than some investors had feared.

Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world's biggest economy.
Gold fell 1% on Friday as investors locked in profits after a strong run and equities recovered slightly, but worries about a global recession and lack of clarity on the U.S.-China trade war kept bullion on track for a third straight weekly gain.

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