The Indian rupee closed marginally higher against US Dollar on mild dollar selling from banks and exporters amid firm domestic equities. On the global front, most Asian currencies advanced and regional equities rallied for the second day amid improving risk sentiment with the Fed expected to stand pat this week.
The Indian currency ended higher by two paise at 66.96/$. The local unit had hit a high of 66.96 and a low of 67.08. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.87 and for Euro stood at 74.68. The RBI’s reference rate for the Yen stood at 65.54; reference rate for the Great Britain Pound (GBP) stood at 87.2568.