Oil prices edged up in early Asian trade on Friday despite unexpected US crude inventory build. Oil prices will gradually rise towards USD 60 per barrel by the end of 2017, As per report showed on Thursday.
Meantime, The rupee added 16 paise at 67.94 against the US dollar today as exporters and banks intensified selling of the US currency amid a firm domestic equity market.
The Indian benchmark BSE Sensex advanced by 235 points, or 0.89%, at 26,600 at 12.30 pm, today. Nifty hit its 1871 level, up by 0.83%. Looking to Indian market scenario, it may see ranged trade amid thin volumes. Investors will be eagerly watching for any government notice as Prime Minister Narendra Modi's 50-day demonetisation deadline draws to a close today.
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