MUMBAI, SEPT 29: The Indian rupee today ended higher by nine paise to close at 65.96 against the US Dollar on persistent selling of the American currency by banks and exporters amid sustained capital inflows.
The rupee resumed sharply lower at 66.33 per dollar against yesterday’s close of 66.05 at the Interbank Foreign Exchange market and dropped further to 66.41 on initial month-end dollar demand from importers.
However, it recovered afterwards to 65.92 due to rise in equity market before finishing at 65.96 per dollar, showing a gain of 0.09 paise.
The RBI fixed the reference rate for the dollar at 66.1843 and for the Euro at 74.6096.
The rupee gained further against the pound sterling to end at 100.00 from yesterday’s level of 100.32, but it went down from 73.80 to 74.03 against the euro.
