Indian rupee strengthens to 64.56

Hindu Business Line file photo

Mumbai, India (BBN) – The rupee strengthened to 64.56 as the dollar touched a two-month low versus the euro. The dollar index edged lower to 92.651, near two-month low of 92.675 touched on Friday.

The domestic unit opened flat at 64.70 at the Interbank Foreign Exchange market today. It hovered in a range of 64.83 and 64.56, before quoting at 64.57, up 13 paise at 3.25 pm local time, reports The Hindu Business Line.

According to a forex dealer, a bearish dollar overseas is capping the rupee’s losses.

Globally, the US dollar was lower against its major rivals in early Asian trade, while the euro hit a two-month high and held firm against other major currencies, thanks to strong German business confidence and reduced anxiety about political instability in Europe’s biggest economy.

Meanwhile, the benchmark Sensex ended up by 45.2 points or 0.13 per cent at 33,724.44.
BBN/MMI/ANS

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