News Snapshot:
The rupee ended Friday nearly flat against the dollar, which paused for breath ahead of the Federal Reserve Conference later on Friday. Bloomberg showed the Indian currency was last changing hands at 79.8712 per dollar, compared to its previous close of 79.8837. The greenback, though took a breather and held onto its recent gains against the euro and sterling, with the dollar index, which tracks the currency against six major peers, at 108.5, on track for a 0.38 per cent weekly gain and already up 2.5 per cent in August. The Indian rupee eased for the third week running, as...