Rupee opens higher by 17 paise at 66.38/dollar

The currency movement will be tracked and the rupee could see some firmness on account of FII inflows. The currency touched a high and low of 66.53 and 66.75 respectively.

Indian Rupee today opened at 66.38 against the dollar,higher by 17 paise in early trade on Wednesday after rally in global equity markets. On the global front, Moody's Investors Service has warned Asian currencies could depreciate further in anticipation of monetary tightening by the US Federal Reserve, which further could aggravate capital outflows from the region's emerging markets. It has cut growth forecast for a number of Asia Pacific economies citing subdued global growth, exacerbated by weaker demand from China.

The currency movement will be tracked and the rupee could see some firmness on account of FII inflows. The currency touched a high and low of 66.53 and 66.75 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.60 and for Euro stood at 74.60 on September 08, 2015. While, the RBI’s reference rate for the Yen stood at 55.60, the reference rate for the Great Britain Pound (GBP) stood at 102.3002.