Ella 
The US dollar (USD) rebounded slightly on Friday, but the Indian rupee (INR) traded positively on Friday. The Financial Stability Report states that the Indian economy and financial system remain resilient, thanks to strong macroeconomic fundamentals, stable balance sheets of financial institutions, moderate inflation and improving external sector conditions.
Shaktikanta Das, Governor of the Reserve Bank of India, said that India is one of the fastest-growing major economies in the world, and its potential growth trend continues to rise. Governor Das further stated that the central bank will take decisive action as soon as possible to prevent the accumulation of risks to the Indian economy.
The market had another day of quiet trading as traders entered holiday mode. Later on Friday, the U.S. will release the Chicago Purchasing Managers Index (PMI) for December, which is expected to fall to 51.0 from 55.8.
