Rupee opens lower by 6 paise at 66.25/$

The currency touched a high and low of 66.47 and 66.53 respectively.

Indian Rupee today opened at 66.25 against the dollar, lower by 6 paise in early trade on Thursday. Service PMI and composite PMI of August will be in focus. Asian markets are mostly higher. HangSeng is closed. US stocks gained following the Federal Reserve report that calmed nerves regarding possible impact of the slowdown in China on the U.S. The S&P was up 1.83%, Dow rose 1.82%  and Nasdaq rallied 2.5%.

Oil output from OPEC members declined last month due to disruptions to flows from Iraq's northern pipeline, a private survey has revealed. OPEC supply fell in August to 31.71 million barrels per day (bpd) from a revised 31.88 million bpd in July, according to the survey. The decline in OPEC output from July's level was the first since February.

Indian rupee ended at 66.19, stronger by 3 paise.The currency touched a high and low of 66.47 and 66.53 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.16 and for Euro stood at 74.60 on September 02, 2015. While, the RBI’s reference rate for the Yen stood at 55.09, the reference rate for the Great Britain Pound (GBP) stood at 101.2174.