Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
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Rupee falls tracking weak regional sentiment
Reuters Market Eye - The rupee falls to 53.90/91 versus its Thursday's close 53.68/69 tracking weakness in most Asian currencies versus the dollar.
Most regional shares also trading weaker but traders expect bunched-up dollar flows from Friday to be sold around 53.95-54.00 levels, limiting sharper gains beyond that level.
Forex and debt markets were closed on Friday for a local holiday.
Domestic sharemarket movements to be watched for direction during the day. Shares .BSESN currently trading up 0.1 percent.
(Reporting by Swati Bhat)
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