Indian Rupee today opened at 66.77 against the dollar,higher by 5 paise in early trade on Tuesday. On the global front, US markets were closed and Asian markets are mixed. Oil prices cooled in anticipation of economic growth data from the eurozone due later this week. The global nervousness is visible in most indices and IMF recently said downside risks to the outlook have increased, particularly for emerging market economies. The Indian currency movement will be in focus after the rupee hit a fresh two-year low to close at 66.82 against the dollar on Monday. The foreign institutional investors (FII) have sold Indian shares worth US$3.3bn since 10th August. In 2014, FIIs had pumped US$13.4bn into Indian equities and for the year till 10th August, their net purchases stand at US$7.4bn.
Indian rupee ended at 66.82, weaker by 33 paise on Monday. The currency touched a high and low of 66.98 and 66.07 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.74 and for Euro stood at 74.27 on September 07, 2015. While, the RBI’s reference rate for the Yen stood at 55.93, the reference rate for the Great Britain Pound (GBP) stood at 101.3649.
Indian rupee ended at 66.82, weaker by 33 paise on Monday. The currency touched a high and low of 66.98 and 66.07 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.74 and for Euro stood at 74.27 on September 07, 2015. While, the RBI’s reference rate for the Yen stood at 55.93, the reference rate for the Great Britain Pound (GBP) stood at 101.3649.
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