| Date: |
21-10-2016 |
| Subject: |
Rupee opens at 66.89/$, down 9 paise |
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The rupee opened lower by 9 paise at 66.89/$ as against the previous close of 66.80/$.
On the international front, US dollar index hit a high of 98.2, underpinned by reiteration from Fed voting member William Dudley that a rate hike is on the cards by the end of this year. On the other side of the Atlantic, Sterling continues to remain influenced by uncertainty over Brexit negotiations.
Nevertheless, UK retail sales numbers provided some respite to the beleaguered currency. The reading for Q3 recorded their strongest quarter of growth since late 2014.
The Indian currency ended lower by 14 paise at 66.81/$. The local unit had hit a high of 66.90 and a low of 66.95 today.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.74 while for the Euro it was 73.14. The RBI’s reference rate for the Yen stood at 64.35; reference rate for the Great Britain Pound (GBP) stood at 81.9114.
Source : indiainfoline.com
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