Rupee climbs 17 paise to 65.33 against dollar

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Rupee climbs 17 paise to 65.33 against dollar

Published : Oct 4, 2017, 10:07 am IST
Updated : Oct 4, 2017, 10:07 am IST

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Mumbai: The rupee turned stronger by 17 paise at 65.33 against the dollar today ahead of the announcement of RBI's monetary policy review. The rate decision of the six-member monetary policy committee (MPC) is due today.

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The dollar retreated globally as attention shifted to the likely composition of the new Federal Reserve board after the incumbent Chair Janet Yellen's term ends. A higher opening in domestic equities aided the rupee uptrend, traders said.

Yesterday, the domestic currency ended lower by 22 paise at 65.50 against the greenback amid rising expectations of a rate hike by the US Federal Reserve.

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Meanwhile, the benchmark BSE Sensex rose 44.16 points, or 0.14 per cent, to 31,541.54 in opening session today. PTI

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