Rupee recoups some losses; continues to trade near five month low

     Indian ruppe, although recoups some of its lost ground, was trading near five month low on account of geo-political tensions around the globe. Which weighed on the risk-appeetite of investors comblined with concerns of continuation of foreign  fund inflows into local debt and equities. Besides, losses of local equity market also weighed on the sentiment. However, further depreciation of currency beyond these levels is unlikely as central bank is expected to set-in to prevent further demange. Globally, euro was on the back- foot early on Friday after European Central Bank President Mario Draghi struck a cautions note on the euro zone economy, while lower debt yields pressured the dollar aginst the yen.