The rupee appreciated by 6 paise to 64.75 against the US dollar on Monday, as China's weak factory output numbers and sub-7 per cent GDP growth, which is lowest since 2009, stoked global economic concerns, raising bets that a rate hike could be off the US Fed's agenda at least in its forthcoming policy review on October 27-28.
Data released on Monday morning showed the Chinese GDP grew at 6.9 per cent in the September quarter. Factory output growth slowed to 5.7 per cent in September compared with 6.1 per cent in the corresponding quarter last year.
The domestic currency had snapped two weeks of winning spree against the greenback and ended 7 paise lower for the week at 64.81 amid good dollar demand from banks and importers.
The dollar index, which tracks dollar movement against a basket of six major world currencies, stood at 94.65.
Data released on Monday morning showed the Chinese GDP grew at 6.9 per cent in the September quarter. Factory output growth slowed to 5.7 per cent in September compared with 6.1 per cent in the corresponding quarter last year.
The domestic currency had snapped two weeks of winning spree against the greenback and ended 7 paise lower for the week at 64.81 amid good dollar demand from banks and importers.
The dollar index, which tracks dollar movement against a basket of six major world currencies, stood at 94.65.
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