Dollar strength coupled with sustained foreign fund outflows is likely to keep the Indian rupee under stress near record low levels. On Thursday, rupee rebounded to close 25 paise higher at 82.75 against the US dollar. Overseas, Asian stocks are mostly trading lower on Friday as investors await inflation data from several economies. US stocks ended the session lower on Thursday after investors weighed generally upbeat earnings against the prospect that the Federal Reserve could hold firm on its aggressive policy for longer than they had hoped. Powered by Commodity Insights
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