Rupee trades lower against US Dollar

The Domestic currency opened with a mild downtick of 5 paise to trade at 65.03 against the US dollar on Thursday.

Rupee closed at its eight week high of 64.98 against the US dollar on Wednesday on fresh selling of the greenback.

The Dollar stood tall against a basket of currencies in early Asian trading, though it remained in a range as investors awaited minutes of the last Federal Reserve meeting for clues on monetary policy.

The US Federal Reserve is scheduled to release the minutes of the FOMC meet later in the day which could provide hints on the timeline of rate hike by the US Federal Reserve.

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