Rupee weakens! trading at 66.84/$

On global macroeconomic front, US economy added 292,000 jobs during December, well ahead of estimates, while unemployment remained at 5%.

Indian Rupee opened lower at 66.90/$ higher by 27 paise in early trade on Monday as against the previous close of 66.63/$. At the current juncture, US dollar is witnessing moderate retracement against the basket of currencies as well.

On global macroeconomic front, US economy added 292,000 jobs during December, well ahead of estimates, while unemployment remained at 5%. October and November payroll numbers were also revised higher by a total of 50,000 jobs. In China, inflation numbers came in line with estimates. Market focus will be now accentuated on slew of Chinese macro numbers releasing on 18th and 19th of January.

On Friday, rupee has gained by 30 paise against dollar to settle at 66.63/$. The currency touched a high and low of 66.76 and 66.95 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.66 and for Euro stood at 72.52 on January 08, 2016. While, the RBI’s reference rate for the Yen stood at 56.32, the reference rate for the Great Britain Pound (GBP) stood at 97.4501.