Reuters Market Eye - The rupee weaker for a second successive session, trading at 54.37/38, versus the previous close of 54.14/15.
The pair also helped by the euro's losses against the dollar after data showed Germany's private sector shrank for the first time in five months in April.
Prime Minister's Economic Advisory Council pegs FY14 economic growth at 6.4 percent, and says the worst slowdown in a decade has bottomed out.
(Reporting by Subhadip Sircar)
Trending On Reuters
State Bank of India, the nation's top lender by assets, posted better-than-expected quarterly bad debt levels on Friday and said it now expected an improvement, a long-awaited sign of easing pressure that helped its shares jump over five percent. Read | Full Coverage
Gold demand slows as China eyes equities; lack of weddings in India weighs Full Article