The rupee ended lower on Friday, dragged by the euro's weakness.
The partially convertible rupee closed at 54.47/48 per dollar, 0.6% weaker than its close of 54.1350/1450 on Thursday
The fact that the government has mustered support in the Rajya Sabha too in favour of FDI in retail does not seem to have amused investors for the day.
The Indian market snapped a three-day winning streak on Friday as market participants preferred to take some profit off the table post the win registered by the UPA government.
Finally, BSE Sensex closed at 19424, down 63 points over the previous close. It had earlier touched a day's high of 19561 and a day's low of 19363. It opened at 19514.
The NSE Nifty ended at 5,907, down 24 points over the previous close. It earlier touched a day’s high of 5,950 and a day’s low of 5888. It opened at 5,934.
The euro fell to a nine-day low against the dollar
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.