Retail inflation eased to a 17-month low in November on the back of sliding prices of food items.
Rupee stuck up at 71.59, approximately by increase of 42 paise.
In the wake of turbulence in state election environment, another trouble has been lined up for Indian economy as the rupee continues to fall by 110 paise in early trade Tuesday but still ended 53 paise lower at 71.85 against the US dollar following RBI Governor Urjit Patel’s shock exit coupled with the loss of the ruling BJP in key state elections.
Gold Futures for February delivery rose 0.18% to $1,250.55 at 11:37 PM ET (03:37 GMT) on the Comex exchange, while the U.S. dollar index, tracking the greenback against a basket of six currencies, weakened 0.01% to 97.38.
Reserve Bank of India Governor Urjit Patel resigned from his post amid the slump in rupee and slackening of the sensex by 1.5% and 1.49% respectively on Tuesday morning.
The government granted NPS exempt, exempt and exempt or EEE status.