Indian rupee turned to positive territory in afternoon trade Friday after country’s industrial data came in above expectations.
The partially convertible rupee was seen trading at 45.12 a dollar at 3.00 p.m compared with Thursday’s close of 45.21 a dollar.
India's annual industrial output growth accelerated in October, powered by festival season demand for consumer durable goods such as cars, although the data is unlikely to prompt the central bank to raise rates next week.
