The Indian rupee ended nearly flat on Friday but declined from a week earlier as renewed hostilities in the Middle East made investors cautious about exposure to oil-sensitive currencies and sparked a modest pickup in importer hedging.
Global stocks rose on the back of AI-related enthusiasm in Asia over the U.S. market debut of South Korean chip bellwether SK Hynix. Regional currencies gained with the Japanese yen lifted by news of plans to encourage pension funds to increase their holdings of domestic financial assets.
