"After higher than expected (inflation) announcement for April, the market lost its early gains, overshadowing
"Cement and oil came under selling pressure whereas banking stocks gained in anticipation of no change in upcoming monetary policy."
The rupee ended at 98.75/98.80 against the dollar compared to Thursday's close of 98.60/98.70.
Most Popular Stories
- Sutherland Responds to 'Unprofessional' Jibe
- Florida Warns Beach-goers About Flesh-eating Bacteria
- Business Leaders Set for CHCC Convention
- DishLATINO Wins Hispanic TV Award
- Twitter's Stock Rises on Stellar Revenues
- Ebola Outbreak Strikes Fear in Minnesota
- Judge Orders Kurdistan Oil Seized
- Beyonce Seen Apartment Shopping in NYC Without Jay Z
- Is California Going to Land Tesla's Battery Plant?
- U.S. Consumer Confidence at Strongest Since 2007