Indian rupee traded volatile before ending the day flat against the dollar as the 2G auctions are off to a good start and the Centre hopes to exceed its auction mop-up target of Rs.11300 crore.
Domestic equity markets staged a remarkable comeback from day’s low to end the day almost flat. Nifty closed at 6000.9 down by just 0.9 points.
Representatives of global rating agency Fitch discussed India's prospects with finance ministry officials and said they were satisfied with the country's overall macroeconomic situation.
US manufacturing grew at a slower pace in January as new order growth plunged by the most in 33 years, while US treasury yields fall to a three-month low.
Janet Yellen took over Fed as Bernanke departs and was sworn in as the first woman chair of the Federal Reserve.
China's service-sector growth slowed to a five-year low in another sign of stuttering momentum in the world's second-largest economy.