USDINR trading range for the day is 68.06-68.51. Rupee appreciated on dollar selling by Union Bank of India and some foreign banks mostly on behalf of exporters. India’s services industry ended 2016 on a sour note, contracting for a second month in a row in December as orders shrank amid a severe cash shortage.
The Nikkei/Markit Manufacturing PMI fell to 49.6 in December from November’s 52.3, its first reading below the 50 mark.
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