Rupee opens at 65.56/$

Global markets are upbeat following a surge in oil prices which pushed energy stocks higher.

Indian Rupee today opened higher by 16 paise at 65.56/$ in early trade on Wednesday. Indian rupee remained under pressure, with values gradually approaching towards 66 levels against the greenback. Growing perception of US Federal Reserve hiking interest rates in December is taking a toll on the emerging market currencies.

On the global front, Global markets are upbeat following a surge in oil prices which pushed energy stocks higher. Tech stocks too flourished on Wall Street pushing the Nasdaq higher to end at a record high.

On Tuesday, the rupee ended at 65.64/$, lower by 6 paise from its previous close of 65.58/$ on Monday. The currency touched a high and low of 65.81 and 65.84 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.45 and for Euro stood at 72.10 on November 03, 2015. While, the RBI’s reference rate for the Yen stood at 54.24, the reference rate for the Great Britain Pound (GBP) stood at 100.9647.