The Indian rupee opened higher by 22 paise at 66.80/$ against US Dollar Monday as against the previous close of 67.02/$.
On the global front, Yen surged towards 102 mark against greenback, quite unfathomable given the 28 trillion yen stimulus program provided by Japanesegovernment and announcement of additional ETF purchases by BOJ.
Meanwhile, US dollar has also lost substantial ground against various other major currencies, with dollar index now moving towards 95 levels.
The Indian currency ended higher by two paise at 67.02/$. The local unit had hit a high of 67.04 and a low of 67.07. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.03 and for Euro stood at 74.27. The RBI’s reference rate for the Yen stood at 64.69; reference rate for the Great Britain Pound (GBP) stood at 88.2972.