The Rupee appreciated by 9 paise against the US Dollar to 66.22 in early trade on Friday, shrugging off weakness even as comments by US policymakers overnight raised prospects of an interest rate liftoff in the December Fed policy review.
A slower-than-expected growth in domestic factory output and a rise in inflation numbers, as suggested by data released on Thursday, failed to dampen sentiment. The local unit had settled at 66.314 against the US dollar on Tuesday.
Government data released on Thursday showed annual industrial output grew at a slower-than-expected pace of 3.6 per cent in September, dampened mainly by slower growth in the mining sector. IIP for August was revised to 6.3 per cent.
Meanwhile, consumer price index (CPI)-based inflation, the primary gauge of Reserve Bank of India, rose to 5 per cent in October versus 4.41 per cent in the previous month, but it was still within RBI's comfort zone of 6 per cent by January 2016.
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