The Indian rupee opened Friday's session on a lower note against dollar. The domestic currency started at 71.26 per dollar against Thursday's close of Rs 71.19.
Asian share markets, meanwhile, slipped on Friday and oil price gains stalled, as the growing death toll and economic damage from the coronavirus outbreak put a lid on the week's sharp rally.
The toll in mainland China from the new virus rose to 636, more than doubling in just under a week, with the number of infections at 31,161.
Oil prices climbed after Russia said it backs a recommendation for OPEC and other producers to deepen output cuts amid falling demand for crude.
Brent crude futures rose 34 cents, or 0.6 percent, to $55.27 a barrel by 0250 or 08:20 am IST, but were heading for a fifth weekly loss amid lingering fears over the impact of the virus.
(With inputs from Reuters)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Over 50 onion farmers detained in Nashik ahead of PM Modi's visit
May 16, 2024 11:14 AM
Why Google CEO is cautiously optimistic about the election year
May 16, 2024 9:51 AM
Mark Mobius reveals how markets will react if NDA wins 400+ Lok Sabha seats
May 15, 2024 8:09 PM