Rupee down 11 paise against dollar

India Infoline News Service | Mumbai | October 17, 2016 09:01 IST

The rupee opened lower by 11 paise at 66.81/$ as against the previous close of 66.70/$.

Rupee currency symbol exploding
The rupee opened lower by 11 paise at 66.81/$ as against the previous close of 66.70/$.

On the economy front, India’s WPI in the month of September 2016 softened to 3.57% compared to 3.74% in the previous month. Also, retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.

The Indian currency ended higher by 23 paise at 66.70/$. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.84 and for the Euro stood at 73.68. The RBI’s reference rate for the Yen stood at 64.23; reference rate for the Great Britain Pound (GBP) stood at 81.4811.
 

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