| Date: |
04-08-2016 |
| Subject: |
Rupee opens at 66.85/$, higher 14 paise |
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The Indian rupee opened higher by 14 paise at 66.85/$ against US Dollar Thursday as against the previous close of 66.99/$.
On the economy front, the Nikkei India Services PMI rose to 51.9 in July from 50.3 in June. The reading for July was the highest in three months.
US dollar index recovered from a six week low, with yesterday’s gains palpable against Euro. Today, Sterling can retreat from the current levels, likely to be influenced by the policy moves from Bank of England.
The Indian currency ended lower by 25 paise at 66.99/$. The local unit had hit a high of 66.97 and a low of 67.30. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.93 and for Euro stood at 74.98. The RBI’s reference rate for the Yen stood at 66.26; reference rate for the Great Britain Pound (GBP) stood at 89.
Source : indiainfoline.com
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