Monday 6 June 2016

Rupee appreciates 30 paise to 66.95 against US Dollar

The local unit had hit a high of 67.09 and a low of 67.28. On the economy front, Raghuram Rajan may maintain status quo in the bi-monthly monetary policy review on Tuesday.

The Indian rupee opened higher by 30 paise at 66.95/$ against US Dollar on Monday as against the previous close of 67.25/$. US dollar index has tumbled below 94 levels, with gains amplifying categorically in Japanese Yen. Euro also garnered momentum against greenback.The US Federal Reserve officials meet on 14-15 June to discuss their policy.

On the economy front, Raghuram Rajan may maintain status quo in the bi-monthly monetary policy review on Tuesday.

The Indian currency ended higher by 4 paise at 67.25/$. The local unit had hit a high of 67.09 and a low of 67.28. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.24 and for Euro stood at 74.99. The RBI’s reference rate for the Yen stood at 61.83; reference rate for the Great Britain Pound (GBP) stood at 96.9017.

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