Weak Start! Rupee opens lower by 15 paise at 64.95/$

On macroeconomic side, a slew of numbers were released last week, which portrays Indian economic story as a bright spot amid a fragile global economic backdrop.

Indian Rupee today opened lower by 15 paise at 64.95/$ in early trade on Tuesday. On macroeconomic side, a slew of numbers were released last week, which portrays Indian economic story as a bright spot amid a fragile global economic backdrop. In international markets, US dollar continues to lose ground, as minutes of the recent US FOMC meeting suggests that a rate hike by Federal Reserve this year is very unlikely.

The rupee ended at 64.80/$ from its previous close of 64.81/$ on Friday. The currency touched a high and low of 64.99/$ and 65.04/$ respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.81 and for Euro stood at 73.74 on October 19, 2015. While, the RBI’s reference rate for the Yen stood at 54.36, the reference rate for the Great Britain Pound (GBP) stood at 100.1176.