India's economy is projected to grow by 6.7% in the next fiscal year starting in April, slightly higher than in the current fiscal year, according to the World Bank. The country’s growth rate in the current fiscal year is at 6.5%, down from 8.2% in the previous period.

The dollar inched lower against most major currencies as traders trimmed widely-favored bullish positions on the greenback just hours ahead of Donald Trump’s second inauguration as the US President.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.30% at 109.02.