Weak Start! Rupee opens lower by 10 paise at 65.04/$

On global cues, market participants will prefer to remain on the sidelines ahead of US FOMC policy meeting statement today.

Indian Rupee today opened lower by 10 paise at 65.04/$ in early trade on Wednesday. On global cues, market participants will prefer to remain on the sidelines ahead of US FOMC policy meeting statement today. Markets will also keep an eye on US advance Q3 GDP reading tomorrow.

The rupee closed at 64.96/$, changing little from its previous close of 66.97/$ on Wednesday. The currency touched a high and low of 65.06$ and 65.08/$ respectively.

The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.95 and for Euro stood at 71.84 on October 27, 2015. While, the RBI’s reference rate for the Yen stood at 53.83, the reference rate for the Great Britain Pound (GBP) stood at 99.7324.