Japan Leading Economic Index came in at 103.4 below forecasts (104.1) in April

The Indian Rupee (INR) weakens against the US Dollar (USD) and falls to near 86.00 during Asian trading hours on Friday. The USD/INR pair strengthens as the Reserve Bank of India (RBI) has unexpectedly cut its Repo rate by 50 basis points (bps) to 5.5%.