Rupee ends steady at 66.54 vs US dollar

Mumbai:- In a range-bound trade, the rupee today ended marginally higher by 1 paisa to 66.54 against the US currency on mild selling of dollars by banks and exporters on the back of lower greenback overseas.

The rupee today opened slightly lower at Rs 66.57 as against yesterday’s level of Rs 66.55 at the Interbank Foreign Exchange (Forex) market here and hovered in a restricted range of 66.62 and 66.5450 per dollar before ending at 66.54, showing a mere gain of 1 paisa or 0.02 per cent.

The dollar index was down 0.15 per cent against a basket of six global currencies in the late afternoon trade.

Meanwhile, the RBI fixed the reference rate for the dollar at 66.5830 and euro at 75.9313.

In cross-currency trades, the rupee moved down against the pound sterling to finish at 96.44 from 96.20 yesterday.

However, it ended steady against the euro at 76.00.

The domestic currency dropped against the yen to 62.22 per 100 yens from 62.03.

In the overseas market, the yen slightly gained against the dollar and the euro in a range-bound Asia trade today, with investors sitting on their hands ahead of closely-watched US jobs data. .

PTI