Rupee opens lower at Rs.64.94/$

The currency touched a high and low of 64.85/$ and 65.07/$ respectively.

Indian Rupee today opened at 64.94/$ lower by 8 paise in early trade on Friday. On macroeconomic side, the dollar fell lowest against the other major currencies, as the previous session's downbeat U.S. economic data continued to weigh on demand for the greenback.  Most Asian currencies closed higher after weak US economic data added to expectations that the Federal Reserve will delay hiking interest rates.  Yesterday, US Labor Department said consumer prices index slipped by 0.2 percent in September after edging down by 0.1 percent in August.

The rupee ended at 64.82/$, higher by 22 paise from its previous close of 65.04/$ on Wednesday. The currency touched a high and low of 64.85/$ and 65.07/$ respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.82 and for Euro stood at 74.50 on October 15, 2015. While, the RBI’s reference rate for the Yen stood at 54.61, the reference rate for the Great Britain Pound (GBP) stood at 100.4124.