The Indian rupee opened higher by 4 paise on Friday at 66.81 per dollar versus its previous close of 66.84/$.
On the macro front, the industrial production
(IIP) and manufacturing production data are on tap after market hours.
The US dollar witnessed a spike on Thursday, posting its best 1-day gain against the Japanese Yen in 3 weeks, after comments from the US President Donald Trump that he would make a major announcement on a "phenomenal" tax plan in the next few weeks.
The dollar was also supported by the US data showing initial jobless claims unexpectedly fell last week to a near 43-year low, while inventories at wholesalers surged in December for a second straight month. The US Department of Labour said initial jobless claims decreased by 12,000 to 234,000 in the week ending February 4 from the previous week’s total of 246,000.
The Euro slipped against the US Dollar, down 0.4% at $ 1.0656 with political risks, most notably France's upcoming election, nudging it toward its worst week in nearly two months.
The Reserve Bank of New Zealand held the benchmark interest rate at a record-low 1.75% at the end of its policy meeting on Thursday.
On February 9, the rupee ended at 66.85/$ higher by 33 paise from its previous close of 67.41/$. The currency touched a high and low of 66.99/$ and 67.19/$ respectively.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.01 and for Euro stood at 71.54 on February 9, 2016. While, the RBI’s reference rate for the Yen stood at 59.71, the reference rate for the Great Britain Pound (GBP) stood at 83.81.
The US dollar witnessed a spike on Thursday, posting its best 1-day gain against the Japanese Yen in 3 weeks, after comments from the US President Donald Trump that he would make a major announcement on a "phenomenal" tax plan in the next few weeks.
The dollar was also supported by the US data showing initial jobless claims unexpectedly fell last week to a near 43-year low, while inventories at wholesalers surged in December for a second straight month. The US Department of Labour said initial jobless claims decreased by 12,000 to 234,000 in the week ending February 4 from the previous week’s total of 246,000.
The Euro slipped against the US Dollar, down 0.4% at $ 1.0656 with political risks, most notably France's upcoming election, nudging it toward its worst week in nearly two months.
The Reserve Bank of New Zealand held the benchmark interest rate at a record-low 1.75% at the end of its policy meeting on Thursday.
On February 9, the rupee ended at 66.85/$ higher by 33 paise from its previous close of 67.41/$. The currency touched a high and low of 66.99/$ and 67.19/$ respectively.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.01 and for Euro stood at 71.54 on February 9, 2016. While, the RBI’s reference rate for the Yen stood at 59.71, the reference rate for the Great Britain Pound (GBP) stood at 83.81.
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Sensex ends flat, Nifty below 10,100; indices up 1% for the week:16 Sep 2017
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