Indian Rupee settles 34 paise higher at 71.56 against US dollar
Forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities. The American currency's weakness against its major rivals globally also helped the rupee further its gains. Earlier on Friday, the domestic unit had dropped by 22 paise to close at 71.90 against the US dollar.
Union commerce ministry data today stated that India's trade deficit has come down to USD 16.67 billion in November 2018, from USD 17.13 billion in October this year. Image source: Reuters