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Friday 6 November 2015

Rupee Ends Flat At 65.76 Against US Dollar : 06 Nov 2015

 The rupee closed almost flat at 65.76 against the US dollar on some demand for the American currency from banks and importers despite a steady green back in the overseas market. The domestic currency opened lower at 65.80 against yesterday's level of 65.75 at the Interbank Foreign Exchange (Forex) market and dropped further to 65.84 on demand for dollars from banks. The dollar index traded higher by 0.11 per cent against a basket of six currencies in late afternoon trade. In Asian market, the dollar stabilised today as investors awaited the US jobs report to help them weigh the odds of a Federal Reserve rate increase this year. Momentum on the US dollar's rise, which hit multi-month highs against the euro and the yen yesterday, tapered off on Friday after data showed new applications for unemployment benefits last week logged a bigger-than-expected jump in the US. Meanwhile, the benchmark BSE Sensex ended lower by 38.96 points, or 0.15 per cent, at 26,265.24.


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