The Domestic
currency had closed 10 paise lower at 66.14 against the greenback on
Friday amid month-end demand for the US currency from importers and
banks.
Investors were
keenly awaiting key economic data releases in the US including the
nonfarm payrolls data on Friday. The numbers may give a hint on
whether the Fed would hike interest rates in its forthcoming policy
review on September 16-17.
The dollar index,
which tracks the movement of greenback against a basket of six major
world currencies, stood at 95.79, down 0.32 per cent.
Some top
policymakers, including Fed vice-chairman, Stanley Fischer, last week
said the recent volatility in global markets could quickly ease and
possibly pave the way for the first US rate hike in nearly a decade.
Read more - Forex News
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